The Topping DX5 II has certainly had a troubled launch, but once those issues are worked through it probably represents some of the strongest competition to the RME ADI-2 DAC. If you don’t absolutely need hardware loudness correction, or potentially the app/remote, it does basically everything else at least as well as the RME. Even has “Hi-Res” bluetooth.
Wouldn’t be shocked if Topping does loudness correction in the next couple years either, I think that would reasonable to expect as the next major step in their commitment to hardware EQ.
Yes some of you would still choose RME and that’s allowed, but enough would balk at the roughly 2x premium that I imagine it would put this product in a tough place. I wouldn’t be waiting around for Topping to eat my lunch.
I don't think you're properly assessing RME, Topping, the ADI-2-DAC FS, or the DX5 II in the market.
RME is one of the leading manufacturers in the pro audio sector with exemplary service, support, and warranties. They supply their devices almost exclusively to markets where every failure costs real money, and that's exactly what the devices are designed for.
You don't have to worry if there really is a problem or functional limitation. It's fixed, quickly and professionally.
The ADI-2-DAC FS is actually the only pure consumer device in RME's range of almost 40 devices.
The quality, functionality, range of functions, features, and reliability are so far removed from a DX5 II that there's no point in comparing them. Testing, measurement, and analysis options (DigiCheck) are also nonexistent on Topping and the DX5 II, just as the ADI-2 Remote is nonexistent.
Don't get me wrong, the DX5 II is a great device with outstanding performance and a great price-performance ratio. But anyone who wants to buy an ADI-2-DAC FS has a specific reason for doing so, and they won't find it in the DX5 II. The overlap of actual buyers for the ADI-2-DAC FS and the DX5 II is likely very small in reality.
The DX5 II is clearly the predator in the individual DAC and HPA combo segment, where it can compete with both a €230 combo (e.g., the SU-1 and L30 II) and a €1000 combo (e.g., the D400 ES and H400). It's also tough competition for the popular SMSL D400, Loxjie D40 Pro, D60, etc.
The DX5 II is the AIO device combining DAC/HPA/preamp that many have been waiting for and is guaranteed to be a bestseller.
But it will also increase RME's sales of ADI devices, as has been the case in the past.
Someone who buys a DX5 II and is dissatisfied with its functionality (e.g., DSD playback, EQ/PEQ issues, software issues, crackling noises during playback, USB issues, SPDIF/Toslink issues, lack of functionality, measurement capabilities, etc.) is a potential customer for ADI devices, even though they never intended to spend so much money before.
There are already enough examples of this in the forum.
With SMSL, Topping, etc., you have to be aware of warranty coverage, service behavior, quality, buyers = beta testers (currently with EQ/PEQ/software for the DX5 II), possible functional limitations, possible failures, firmware problems and errors, etc.
It has also happened several times that faulty or problematic devices continue to be delivered and cannot be resolved by the end customer via firmware updates.
There are also many devices these days whose errors/firmware issues/functional limitations seem to never be fixed, especially with SMSL.
We don't even need to talk about post-warranty repair options, regardless of the price.
I have several Topping and SMSL devices and will soon replace an SMSL DO400 with a DX5 II, simply because of the better HPA. But I wouldn't connect expensive headphones like the LCD 5 to it, and I wouldn't go without my professional equipment either.