DAC Magic or MF V-DAC?

Stanwal
Any chance your application is similar to mine? Wadia 170i
transport?

you might also want to check out the Music Hall 25.2 DAC. With a NOS tube, a tube damper, and some vibration isolation it is quite good.

I liked the Music Hall better than the Cambridge but I would still want to go higher. Between the Benchmark and the Apogee Mini-DAC I'd choose the second. Haven't heard the V-DAC yet, maybe it beats the Apogee.

PS Audio DLIII is a good choice

HiFi Critic sound quality test results (from the cheapest to the most expensive DAC; all prices in British Pounds/GBP):

Pro-Ject USB BOX @ 100 GBP - 22 points
Firestone Audio Fubar II USB @ 124 GBP - 25 points
MF V-DAC @ 150 GBP - 42 points
CA DacMagic @ 230 GBP - 32 points
Acustic Energy DAC @ 800 GBP - 26 points
Benchmark DAC1 Pre USB @ 1633 GBP - 24 points

V-DAC was had also the best jitter measurments they had ever tested.