Listening Tests
Since I could not get the USB interface working without drivers on Audio-gd NFB-27.38, I used a Topping D10 DAC as the USB to S/PDIF bridge. I then ganged up both the Topping DX7s and Topping D10/Audio-gd combo in Roon so that I could play my reference tracks in sync. Levels were matched using a 1 Khz tone well below max level of Topping DX7s (and hence much, much lower than max level of Audio-gd NFB-27.38). I then used an AB switcher to instantly switch between on device versus another.
Testing was performed using Sennheiser HD-650 and HifiMan HE400i.
I could detect no difference in bass or mid-frequencies. In high-frequencies though, there was a subtle difference. They were a bit more emphasized in Audio-gd which gave a slightly more airy and open sound to Audio-gd. But as I focused on them, I realized the high notes are being distorted with the highs having a "sizzle" to them. That exaggerated their presence which could be to some people's liking. For me, as I focused on the same in Topping DX7s, I realized they were very clean and well defined whereas they were "blown" on the Audio-gd NFB-27.38 leading me to prefer the Topping version better.
I should emphasize that the above is very subtle effect. If I did not focus on it, I would find the two DACs to sound the same. Then again, younger people with better high frequency hearing than me will detect the above effect better than me which may lead them to more preference or dislike as the case may be. If you are older than 50, you can safely go with my impressions.