I want a DAC that has great bass, rich holographic, smooth sound that has no sharpness to it. Detail is not as important as a big soundstage, good imaging and impact. I want non fatiguing highs.
You're describing the Zhaolu 2.0 dac, $109 + ($50-70 airshipping, depending where you are), save for the fact that when the brass section is sharp, it WILL be sharp... and that you don't have to give up resolution to get the characteristics you desire. Tianguis (Larry) was kind enough to turn me on to this outstanding product.
Now for the caveats -
1. I bought mine from Eddie in HK, and I realize there is a recalcitrance to deal with foreign purchases. All I can say is that Eddie offers his own warranty, and when I experienced an intermittent fault, he takes care of it, and paid for the Global Express shipping both ways for repair.
http://www.diykits.com.hk/zhaolu.html2. The standard headphone/pre amp board included is best used as a doorstop. I've the $36 discrete upgrade headphone/preamp board on order, but haven't gotten it yet and therefore can't opine.
3. You've got to mod it to get the proper sound out of it. The 3 opamps that you must replace are socketed so its really not difficult. You simply replace the 3 outstandingly mediocre but adequate OPA2604 opamps with 3 OPA2107 opamps. While Eddie also offers a $55 capacitor upgrade (I've heard both versions) with Blackgates and Oscons, the benefit is slight in comparison to the opamp upgrade.
So for less than $200 all-in, you get engaging musical involvement and resolution, not HI-FI.
FWIW,
Paul