@mclinnguy - It seems the HFK reviewer appreciates the sound of the MU2 primarily for its streamer (i.e., Roon endpoint) and DAC capabilities, and then as a preamp, but he noticed improved bass and a richer sounding presentation after inserting his own preamp into the chain. He apparently did not use the MU2 as a server in his system due to Roon licensing issues.
If the MU2’s onboard DAC truly operates at the high level indicated by the reviewer, then even using it as a streamer/DAC (only) may actually justify the price. Better streamers (Innuos Pulsar and Sonore’s top Rendu as two examples) are in the $5-8K range, and really good sounding DACs start at around $10K. Therefore, the $17.5K Grimm MU2, even if used only as a streamer and DAC combo, would be replacing two components starting at around $15K for the pair, and possibly ranging much higher in price depending on the level of DAC the MU2 would be replacing, such as the reviewer’s own Pacific 2 at $27K.
It seems the internal preamp suffers from a similar condition as many onboard DAC volume controls. Even those that do not strip bits seem to benefit from active gain or an active unity gain buffer such as Totaldac’s d1-driver-sublime, or even something like the transformer based Final Drive by Empirical Audio (think Slagle autoformers). This is no different from the old passive volume control dilemma and is probably related to impedance matching with the power amp and the ability to drive cables. In my system, I would run the MU2’s VC through my SMc Audio buffer but, for me, the problem would remain that I wouldn’t be able to read the volume setting on the MU2’s small display from my listening seat. IMO, they should have offered an alternate display mode that filled up the entire screen with the numerical volume setting so it could be easily seen across the room.
Bottom line for me is, the ultimate dollar value of the MU2 is in the quality of the streamer and DAC combo and, specifically, the amount I would need to spend on a DAC to equal the sound quality of the internal DAC in the MU2. Most would be happy using the MU2’s server (i.e., Roon core) function too, although I like having my server located with my network equipment in a different room from my system components. Therefore, not unlike the reviewer, I would probably connect the MU2 to my server via Ethernet and use it as a streamer, DAC, and possibly as a preamp, although, the absence of a large volume display would probably be a deal-breaker for me wrt using the on-board preamp, even if I were to run the output through a buffer. Therefore, the final question is whether the MU2’s DAC section sounds good enough for me to give up separates and, as with any DAC I evaluate, I would need to hear it in my own system to figure that out.