Basically, the PL200 is the PL200t plus a $200 AKM DAC. However, you lose the following:
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The ability to upgrade to a high-quality linear power supply
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The ability to upgrade to a higher-level DAC
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External master clock input
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I²S connection
I wouldn’t have high expectations for a $200 AKM-based DAC. I’ve owned several well-reviewed SMSL DACs in that price range and, while they sounded good, the soundstage was quite flat. The two DACs I later upgraded to were far more satisfying, providing not only greater height but also more depth to the soundstage with pin-point image.

