I don’t know about the Holo ones, but I do have the Denafrips Ares 12th, and I think it’s incredible. I’m pretty picky about DACs I think. I prize natural sound and musicality over detail, though I figure most of us can get behind that in a tube amp thread. I think it is plenty detailed, but it definitely brings a certain magic that is difficult to put your finger on. I don’t think the NOS (non-oversampling in this case) mode matters much at all, as it seems to make things sound a bit odd, and GoldenSound basically debunked it working, even though it was originally reported to have been fixed on this DAC relative to the Ares 2. According to people way smarter than me about it, it‘s almost certainly just a better emulation of non-oversampling. In any case, it sounds amazing with regular oversampling turned on.
I will say, however, that it initially disappointed me, but the Iris 12th DDC saved it. I would have said that such a technology is snake oil, but it does, in fact, make a measurable difference in the final analog audio output of the DAC it is attached to, and it probably comes down primarily to more precise clocking. I thought it might be placebo, but I actually blew the fuse in the Iris (crazy, I know, and I still don’t know how I did it, but I know you totally get it
) so it was out of commission for a few days while I waited for a replacement to come in. Without the Iris, I think the Ares sounds just a little too blurry and rough. With the Iris, it is pure magic.
One other unusual thing about the Ares, though this may or may not apply to you. It actually seems to perform better with PCM than DSD files. I have a good handful of Analogue Productions and MoFi SACDs that I have used SACD extract to rip, and with the E70 Velvet and my dongle DACs, the DSD files sound better to me. I am not sure If it is just in my head, but I think this DAC may actually sound better with converting them to high-res PCM for playback. I go back and forth, but others have observed this as well and chalk it up to the nature of an R-2R DAC being better suited to PCM decoding. It sort of makes sense to me, but I don’t know enough about how it works to really be able to tell if there may be flaws in their reasoning. I go back and forth on whether I remember to turn on the resampling when listening to DSD on it, and honestly, when I forget to switch it to PCM, I don’t really notice and it still sounds awesome.
It also has a weird quirk for me when I go from a higher sampling rate / bit depth file in Roon down to a lower one. It will have a little hiccup about 3-4 seconds into the first track at the lower bitrate, but it’s not a huge deal at all. I know I’m pointing out a lot of flaws, but there’s a ton of hype about it out there, and I just want to give the most realistic picture possible. Those sorts of things would usually annoy the heck out of me, but this is a rare piece of gear where I genuinely don’t care, and I absolutely love the sound. I planned to use it alongside my (significantly pricier) Matrix X-Sabre Pro MQA, but I ended up selling that one because I only listened to it one more time in the first 6 months of owning the Denafrips, and that was only to force myself to try it again. The Ares 12th, but only if it is paired with the Iris 12th, is an incredible machine, and I give it my highest recommendation. It’s a fully balanced design and works best with a balanced amp, so it’s a perfect match for the WA22. I had been listening to my E70 Velvet mostly on the WA22, but one of the guys on the headphones.com forum convinced me to go unhook it from my main stereo to try with the HD 800 S. It didn’t save the 800 S from EBay, but I have been glued to the WA22 / Ares combo since… Not sure if it is endgame, but it is an incredibly sturdy plateau, and I’m not in any rush to leave. I do have a Geshelli Dayzee on order, but it will be a few more weeks before it shows up. I expect it to replace the E70 Velvet, as it has the same chip, but a much more advanced implementation - the ears will be the final arbiters for that decision, but we’ll see if it can hold up to the Ares. In any case, I think there will always be a role for the Ares or a similar R-2R in my system.
One other side point on the R-2R thing. I also saw a ton of hype about the Cayin RU6, but this was around the time the RU7 was coming out. I know the RU7 isn’t exactly an R-2R DAC, but it uses a similar resistor ladder technology. I was very excited for it, but I was extremely disappointed with it. Everyone says it has an “analog” sound, but I’m a pretty big vinyl fan, and let me tell you, if analog sounded like that, I would not like it. The RU7 was very poorly resolving and felt like it lost coherence, and generally was not my cup of tea at all. Luckily the Ares is nothing like that, but I think it might say something about how difficult it is to create a good resistor ladder, and perhaps the size and price point of the RU7 just doesn’t seem to allow for it. The only thing I liked about it was that it held its value for EBay
. Last thing, not an R-2R, but I will say the Woo Tube Mini is a different story for a dongle - fantastic implementation and much better than I would have expected, but that’s a whole other rant