I can only answer part of your question. The Monarchy DIP will take a co-ax or toslink input and output an AES/EBU or a co-ax digital signal to your DAC. I find it helpful in my set-up (CAL CL-10 to Classe' DAC-1) I am using it as a "de-jitterer", since the CAL has all of the various digital outputs. Mine is not 24/96 or higher, but the CAL will only output a 20 bit/44.1 signal, so that's not an issue. Monarchy does make a 24/96 DIP, but I'm not sure if it goes higher than that.