If you just play Redbook the Schitt is the way to go, as it will convert redbook (pcm) "bit perfect".
But if you want to play dsd then the only answer is the Cary, and you'll take a bit of a hit doing redbook (pcm).
The $870 DSD playing Delta Sigma Gustard X20 DAC sounds better than The Yggdrasil according to three who have A/Bed them. One of those three just sold his Yggy on this forum a couple of days ago. He is keeping the Gustard. The only truth is how something sounds, not an opinion based on non listening to the things being discussed. The Cary may be as good as the Gustard....maybe better. I have not seen a post by anyone who has listened to both. The Cary looks very nice. Those AKM DACs are suppose to be very good. Dual mono too. I am doing mods to the Gustard.....so take my comments on it as you like. I am, however, quoting others who have posted on their own (non modified units).
Sorry to awaken this old thread but in some music content - especially rock, the Cary 200TS beats my Luxman D-06 dac. These two compliment each other very well as the Cary has a bit of a cool sound to it where as the Luxman is warm in the vocals. The Cary sounds like a $4k dac but the Luxman is overpriced at $5k. I think it would do better around the $3k price. I love the up-sampling capability of the Cary and what the Luxman does to vocals. I have many other dacs in the $1000 price range and under and these two cannot be compared to them. ESS dac based options cannot compare to the musicality offered by TI BB and AKM chips. Everything I have by ESS I cannot listen to 30 minutes or so at a time where as the others I don't want to stop listening and have to force myself (mainly for the lack of time).
Updating this. I bought and ended up selling the DAC 200ts.
It sounds OK - it has a full bodied sound but is somewhat lacking in inner detail and subtler nuances. On this front, the PS Audio Direcstream is way better.
It was the shortest lived piece of equipment that I ever had.
Basically, I got rid of it because there were niggling things with it that did not work. Using it with a streamer, there were loud pops and clicks when transitioning from PCM to DSD files and vice versa in a playlist. These could be damaging to speakers. In addition, the unit had problems from the onset with advertised features. The wifi connectivity took forever to get right with many software updates and factory resets having to be done with Dan of Cary's assistance. It did not decode DSD 256 files as was initially advertised when purchased. Cary had the nerve to announce an upgrade which corrected this as a new feature when it was falsely advertised to work from the onset. On top of that you had to pay for shipping to have it performed.
The iOS controller app also kept defaulting to a later product the SI 300d integrated amp and was a bother to switch from - it would work only intermittently.
After many emails and a big fat nothing done - the Cary staff themselves had no clue what was happening with their own product - I just gave up and sold it. They gave me the impression that they weren’t going to be responsible for a faulty product they manufactured, falsely advertised and sold as many of my messages were unanswered after long periods of time. Buyer beware - you and you alone will be stuck with a Cary product if it doesn't work even if it is new. I understand now why Cary products are sold at deep discounts and why so many of their digital products especially the DAC 200ts come up for sale so often.
There is another thread saying that Cary lost its soul when Dennis Had left. I believe that is very much the case. I wouldn’t buy another Cary product now, especially not the newer ones. The legacy ones are fine and I still use a SLP 05.