So some more information about the sound quality of the M300Se after a successful SW update:
The microclicks are still there, but! with the setting Digital Filter 5 NOS there is no such thing!!!
At least I don't hear anymore.
That says the whole problem lies with the digital filter on chip.
I would argue that CS43198 and CS43131 sound best on Filter NOS anyway, I could see it on my other devices with the same chipset as well.
!In addition, I don't hear any microclicks with the setting: Fixed. This is very good news!
So, after the SW update, the M300SE just sounds fantastic, but don't forget that I modified my device, that makes a big plus for the sound. So with a good PSU the M300SE would be almost a reference DAC without any fun....
Next, regarding previous posts, DACs from AKM have never been really good except maybe AK4395 which is a cheap copy of CS DAC though... If you go into details go and you will see that.. Velvet Sound series is just fool.., this is not high-end, especially AK4499 absolutely wrong development.., you can hear that too..
The best of Delta Sigma DACs are CS/Crystal DACs (CS43122; CS4396,97,98; CS43198/131) and now also ESS DACs from HyperStream 4..