griswold,
I own a 37 transport and 36S DAC. I have owned a Theta Basic III and a Timbre Dac. The Levinson bettered both in my system. I found it to be neutral, slightly laid back, with excellent resolution of detail. I heard more of the recording than with the other two. The Theta had an "in your face" presentation which I tired of over time. The Timbre sounded comparatively dark with not as much resolution. I am very happy with this setup and have no plans to change it. Hope this helps.
I own a 37 transport and 36S DAC. I have owned a Theta Basic III and a Timbre Dac. The Levinson bettered both in my system. I found it to be neutral, slightly laid back, with excellent resolution of detail. I heard more of the recording than with the other two. The Theta had an "in your face" presentation which I tired of over time. The Timbre sounded comparatively dark with not as much resolution. I am very happy with this setup and have no plans to change it. Hope this helps.