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RME ADI -2 DAC... and not just for the sound.It has some unique features that make it more attractive than the competition. That said I have a PSA Direct stream jr on the way...I might be singing a different tune after trying that.
Have fun and hope you guys have deep pockets because this is a very fast moving target. So my choice would be a PS Audio DirectStream Senior, not because its the best (always a point of contention) but because the company continues to issue free firmware improvements.
Denafrips Terminator.....
I've been very happy with my DirectStream Sr. for a few years now. Really fantastic DAC and definitely appreciate the continued product support from PS Audio. I think they might be approaching the limits of the current hardware (as firmware updates have been less frequent). I'm sure it has to do with project prioritization for PS Audio as well. Regardless, I feel zero need to get a new DAC any time soon. The sound is wonderful.