Topping and SMSL have excellent measurements at very competitive prices but in my experience:
- They have software/firmware bugs I haven't encountered with devices from US, Canadian or German companies.
- Their software/firmware updates are poorly supported (one update came through a link here on ASR that a year later never showed up on the company's web site).
- The warranty support is quite poor - buy it through Amazon and at least get 30 days.
- I've had hardware failures after just over a year.
Based on that, if I want budget gear I'll go with JDS or Schiit, both of which have great support and none of the issues I've had with SMSL and Topping, but are still competitive on performance & price. Even if their quality isn't any better (and in my experience it actually is better), at least they have excellent warranty support.
For example, when I found a software/firmware bug in a Topping DAC, it was a real hassle reporting it, only to find that they basically ignored my request and never fixed it. Knowing it would never be fixed, nor did they offer to replace or refund it, fortunately I bought it through Amazon so I returned it. In contrast, when I found a problem with the JDS subjective 3, slightly elevated distortion (-60 dB) in standby mode, they responded immediately, acknowledged the issue, changed the design with a second relay to fix the problem, and sent me a replacement board & parts, all at no charge.
For non-budget "high end" gear, I'd go with US, Canada, Germany or similar country, pay the extra cost for the long-term durability and peace of mind that comes with it. For example my Adcom power amp is 30 years old and still measures & performs like new. My Magnepan speakers are 24 years old and still measure & perform like new. Both companies are still around and reply promptly when I've have questions over the years. Other companies like Bryston, RME, Lake People, etc. have similar high build quality & support.
Regarding the OP's original question, for me it would be RME all the way, no doubt about it.