Hey Dave, I have had two of those three DACs here in my system (LTA Aero and Mystique Y AM). I also owned the Merason DAC1 MkII, sold it, and then recently purchased another that I have here now.
On paper, there doesn’t appear to be much difference between the DAC1 MkII and the Reuss, except the case, the noise and S/N specs (DAC1 is a little better), and that the Reuss has an additional transformer. Therefore, I would suspect they share a similar sonic signature. On this issue, AI says:
"The Merason DAC1 MkII acts as the flagship, offering higher resolution, greater transparency, and a more expansive soundstage compared to the Reuss. While the Reuss offers a slightly more "rounded" or "warm" and highly musical presentation, the DAC1 MkII is described as more refined, with better separation, quieter backgrounds, and more intense, deeper bass. The DAC1 MkII is generally considered to be in a "higher league"."
You can read my impressions of the three DACs listed above in this thread (link). I can summarize my thoughts on those three.
- LTA Aero - I found it to be colorful and energetic but a little too forward for my tastes, almost to the point of sounding "forced" sometimes. Another reviewer called it, "a bit of hardness and thinness." However, I did not roll tubes. Also, I am not surprised that many seem to like the sound of the Aero.
- Mojo Audio Mystique Y - I found the Mojo Audio DACs to be more to my tastes than the LTA Aero. The Y displayed a similar "house sound" to the Mojo Audio DACs preceeding it, but falling behind just a little bit in the areas of soundstage and tonal density, compared to Mojo Audio’s flagships. It uses the same AD1865 DAC chip as the LTA Aero.
- Merason DAC1 MkII - The BB PCM1794A DAC chips in the DAC1 are interesting in that they are a hybrid between R2R and Delta-Sigma. What you get is a dense tone, full and strong lower mids and bass, and a bit of smoothness in the HFs that is hard for most R2Rs to match, IMO (although my Aries Cerat DAC does). You lose just a bit of the organic/natural nature of the better R2R DACs, like the Mojo Audio DACs. It is an interesting trade-off, and not necessarily in a bad way.
I use two DACs in my system, the Merason DAC1 MkII is solid state and stays powered up all the time so I can listen at any time without worrying about warming up the tubes in my other DAC, the Aries Cerat Helene. The Helene is a better sounding DAC to me, and a great example of R2R done right, IMO. If I only had one DAC in my system (and not the Helene), it may very well have been whatever is the current Mojo Audio flagship, but I chose the Merason since it offers a bit different sonic perspective from the R2R DACs I have owned for the past 8 years, while still offering a solid foundation of dense tone and powerful bass.
To your decision, only you can decide what type of sonic signature you enjoy. Consider the LTA Aero uses tubes, for whatever that means to you. Also consider that LTA and Mojo Audio both offer in-home evaluation periods (although I am not sure of the terms). I am not aware of Merason’s terms and whether an in-home trial is possible. The ability to hear stuff in your own home is a huge benefit toward making the right choice. Good luck.

