So here are some more results from a lazy Sunday afternoon.
I measured and wrote down the max values that the DS2 can provide at the edge of clipping - harmonics are about to rise but just do not. Excuse me to have done this first only for balanced (that is what I will mainly use):
600 Ohm: 4.0 V, +14.4 dBu, 118.2 dB THD+N, 27.5 mW
300 Ohm: 3.9 V, +14.1 dBu, 118.0 dB THD+N, 51.3 mW
50 Ohm: 2.9 V, +11.5 dBu, 112 dB THD+N, 170 mW
32 Ohm: 2.29 V, +9.4 dBu, 109 dB THD+N, 164 mW
16 Ohm: 1.2 V, +3.9 dBu, 105 dB THD+N, 92 mW
Note the discussion here about 510 mW output power - that is not there. With 1% THD I measured 2.6 V, +10.5 dBu aka 420 mW @ 32 Ohm still no match..
SNR: Base noise is a fixed -115.5 dBu (rms unweighted), plus the respective output level (for example 115.5+14.4= 129.9 dB, 115.5+9.4= 124.9 dB (all rms unweighted. dBA = +2.3 dB).
In my book pretty impressive so far. So let me first check
@amirm 's dashboard to see if my unit can keep up:
Wow, it's even slightly better! Or my measurement setup was (when Amir measured the ASIO drivers were not known). Anyway, what bothered me most is that in this thread talk was CS would be cheating, THD/THD+N getting significantly worse when using lower impedance phones, with values of -80 and even -64 dB! Fortunately I can debunk this for the Fosi DS2, see here, a full sweep at 32 Ohm 2-channel load (in case you missed the above table where this was clearly visible already, with 16 Ohm still at -105 dB):
I mentioned that I had problems to do the sweep. Here is what is there and also what happens: enormous out-of-band junk, which at certain levels (around -25 dBFS) makes the special dual high performance input of the APx fail. The noise floor then is shown wrong, the notch filter fails as well, measurement values are all way off:
I was able to work around this by starting the sweep without the High Performance mode, then switching it on at around -10 dBFS. The result is valid and correct for the whole curve in the sweep picture.
Here is the same at full level (600 Ohm):
If I find the time I'll add some more.
Edit: I had a typo in my table and removed the statement about 510 mW @ 50 Ohm load.