Well my DAC2 turned up today without warning - they just sent out a new unit rather than them repair the first one.
I level matched everything using the line-in on my PC and a 1kHz tone, so that they were reading ~0.1dB of each other when running through the HS2.
As previously mentioned, the most obvious difference between anything
by far is the noise floor.
I'm starting to see why there are a number of people that say DACs are basically a "perfected" technology where we are far beyond the limits of hearing, and differences on exist on paper now.
That said, maybe there is something else causing things to sound the same? Maybe there's a high enough level of crosstalk between the various inputs of the HS2 (not that I've noticed anything obvious) that it's impacting the results.
And when I have my headphones directly connected to the DAC2, they definitely sound better with the DAC2's
0-ohm output compared to anything else. Perhaps running through the HS2 is affecting the impedance and removing this advantage? I couldn't say.
There's a huge difference in sound between connecting my headphones directly to a portable device, and running a cable from it into the back of the DAC2, using its headphone amplifier instead, for example.
Because I'm not hearing this difference when running audio through the HS2, maybe it's impacting the test?
Or maybe doing a sighted test really is biasing things that much?
After spending the afternoon listening to my DAC2 again, I have no regrets about buying it.
If nothing else, that silent noise floor, excellent headphone output, and the connectivity options make it worthwhile.
And so does knowing that I never have to think about a DAC or headphone amplifier ever again, because it's not going to get any better. (OK, some people suggest there are better units above $5000, but I'm never going to be able to afford that)
But even though I'm not really hearing anything that stands out as being a dramatic difference with the HS2, maybe it's all in my head? Or maybe simply using an A/B switch when listening isn't really as good a test as you might think.
At the end of the day, if spending the money on the DAC2 can do that, even if it is all in my head (but I'm not sure that it is) then it's still worthwhile.
I'm left feeling that I need to devise a better test somehow, rather than this being definitive in any way.