I've been using this device for a few weeks now. I haven't noticed the mentioned microclicks so far. What I did notice, however, is the lack of clicks and pops when changing the sample rate and turning the device on and off. Unfortunately, this was always different with the DACs from iFi, Topping and Schiit that I had used before, something that really bothered me. The M300 SE behaves completely inconspicuously, very pleasantly. I use the device in preamp mode by remote control, the wiring is via XLR. The DAC is fed via USB or Toslink and powered by an additional SMPS from Allo. I haven't tried the headphone outputs yet.
For the asking price, I think it's a real bargain given the build quality and decent features. I'm looking forward to the measurement results too.
Edit: One thing that actually bothers me a bit is the volume control, more precisely how it's displayed. Surprisingly, you can get along quite well with the only 40 levels, since a logarithmic curve was probably stored here and the control in the lower volume range is relatively sensitive. It's a pity that, as is so often the case, the value is only displayed when the volume is changed. In addition, the font size is so small that you cannot see anything from a distance of 3m. Here I would like an option that allows the volume to be displayed permanently while using the entire display, similar to the Gustard H16, for example:
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