@brbrock - The AC Helene uses eight R2R converters per channel (16 total), running in parallel. There are only 8 actual chips since the Analog Devices AD1865N-K is a stereo chip (i.e., two converters/chip). Benjamin acknowledges there are benefits to paralleling DAC chips but also believes simply using a better chip is the best route to take.
I have been happily listening to the Mojo Audio Mystique Z DAC this weekend. It is sounding really good. Once I am satisfied that I am hearing it as intended, I will post my impressions and a more purposeful comparison between the Z DAC and my Mojo Audio Mystique X SE NCZ DAC. Given the almost identical output voltage of those two DACs, I have set things up to compare them by simply pushing one button to change my input selection. I can do this "on the fly," so almost instantaneously. I am even using the same coax/RCA digital input cable into each and similar RCA output cables into my preamp.
My new SMc Auido VRE-1c preamplifier is "in the mail" and scheduled to arrive on Thursday. After I receive the preamp and run it in for a few days, I will be more easily able to compare the Mojo Audio Z DAC with the Aeries Cerat Helene. The challenge is that the Helene inverts polarity so either the pos/neg speaker cable leads must be switched at one end, or one of the comparitive DACs or the preamp must have a polarity invert switch. Since the VRE-1C preamp does indeed have a polarity switch, once that arrives, I will be able to leave the speaker cables in place and switch polarity at the preamp using the remote to facilitate my comparisons between the Z and the Helene. Unfortunately, comparing between the Z and Helene DACs will require three steps each time I switch between them:
- switch input selector on preamp
- switch polarity on preamp
- turn the volume down on the Helene or up on Z to match SPLs due to the higher (5V vs. 2.4V) output voltage of the Helene over the Z. I plan to match them by checking/comparing SPLs using the decibel app on my phone.
I will keep you all posted on how things are going.

