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To be fair, I have heard all 6 of the above DAC's but in different listening environments which could easily trump the more subtle differences between them.
I'm currently in the market in for a DAC at or around $500, and I like the following units for different reasons, after doing much research. I ranked them according to my preference, based on my own listening experience. 1) Schiit Bifrost ($349 new w/o USB, $449 new w/USB; asynch and full 24/192 support)2) PS Audio Digital Link III (used, around $350 - $400)3) Parasound ZDac ($475 new) A few other highly rated DACs that I did not enjoy as much as I expected:1) Peachtree DacIt2) Micromega MyDac3) Emotiva XDA-2To be fair, I have heard all 6 of the above DAC's but in different listening environments which could easily trump the more subtle differences between them. My impression is based on overall SQ issues (stage width and depth, timbre, weight, slam, detail, etc.) and less on construction or features. I listened to all 6 via SPDIF and about half with both SPDIF and USB. All sounded slightly better via SPDIF while the DL III actually sounded better via USB, which I admit is a bit odd.