I do not know anything about the Eversolo. In general distortion falls for lower signal levels since the circuit (and devices) operate more in their linear range and feedback is ample. Noise, and in particular quantization noise for data converters (ADCs and DACs), rises relative to the signal with decreasing signal level and will mask the distortion. Any ADC or DAC will appear to have worse performance at lower signal levels due to quantization noise. My comment was based upon a desire to avoid clipping the output, which results in very large distortion from the source.Really? It seems the best performance from the Eversolo (or other technically decent DACs) comes when its output is near the rated maximum.
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https://www.audiosciencereview.com/...lo-dmp-a8-balanced-streamer-dac-review.55826/
The max output is 4.4V on XLR. Of course that's not enough to get max output from a bufferless NCx500, but high enough for typical domestic listening levels and if there is a situation where it is not enough, you just have to turn on the buffer and you are done.
There are a number of articles here and elsewhere describing how data converters work, including quantization noise and such.