ring dac vs. 24/192 upsampling technology

What are your experiences in using Arcam's "older" ring dac (e.g. FMJ cd 23) vs. the "newer" 24/192 upsampling technology (e.g., Arcam FMJ 33 or Musical Fidelity 3.2).
I had a Arcam cd92,just bought a Arcam cd33,all I can say is cd 33 much more transparent and able to hear quite a bit deper into recordings,To me it sounds cleaner also.It definitely brings out the diffences from disc to disc to ,if its good its good if its bad sounding well then thats what it sounds like.I will take it over the 92.The 92 was good,but I like the 33 better.