Looking for a DAC that has..


1) Balanced outputs
2) Analog HT by-pass
3) Volume control (preferably analog control)

Budget $3-4k USD new or used.
kzhtoo
For most DACs, delivering a low-jitter signal is beneficial, even if the DAC reclocks or resamples inside. Even Sabre-based DACs.

Steve N.
Empirical Audio
"So would a NAD M51 benefit as well?"

Certainly. I have a few customers with these.

Steve N.
Empirical Audio