Arcam FMJ-CD23 was great because of use of DCS licensed RING-DACS (rotating its divider components to get accurate average value). They had problems with production yield of DAC chips and stopped using them. Next model had regular DACs. I've never heard this player but judging from reviews it is great bargain - good sounding and solidly built.
So in this case sophisticated DAC ICs (used by DCS in very expensive DACs) make this great CD player.
So in this case sophisticated DAC ICs (used by DCS in very expensive DACs) make this great CD player.