Stu,
how do you like your Rega DAC (i assume you have the latest model?) ? and why did you prefer it over a BDA-1?
al.
Al,
Rega only has one DAC currently. They built the Io DAC about 10-15 years ago, but it didn't stay on the market very long.
I bought the Rega DAC because I can't afford the BDA-1. I asked James twice if he could build me a stripped down BDA-1 with fewer inputs, features, etc. He very respectfully declined.
The BDA-1 is a better DAC. It also costs over twice the Rega. In comparison, the BDA-1 images and soundstages better, it has more detail, and just sounds more polished. They both pull off musicality equally well though, IMO. I don't know how to describe it, but both are equally convincing in their musical message to my ears.
I'm a huge fan of Rega's sources. I had an Apollo prior to my foray into music server stuff. My goal was to get my Apple TV to sound at least as good as my Apollo. The Rega DAC is quite a bit better than the Apollo was in my system. People were and still are touting the entry level DACs like the V-DAC and DAC Magic. They're very good for the money, but nothing near the Rega DAC. The Benchmark DAC is the same price and is very good, but it just sounds a bit bleached and sterile to my ears. Just because something may technically be correct doesn't mean it'll play music. At least IMO anyway.
The Rega DAC probably won't work in every system, but what will? The Rega DAC is a bit smoother and warmer than the BDA, but not artificially so. If someone has a warm and rich sounding system, the Rega probably won't be the best match for it IMO. I think it blends perfectly with my B60 and Audio Physic monitors.