I am new here, and I am new to Schiit products. I just wanted to chip in with my experience of living with the Kara as a preamp for two weeks now.
I was looking for a reasonably priced preamp with low gain, stepped attenuator and a remote. The Kara seemed to fit the bill perfectly. My dac output impedance is about 500 Ohms, and the input impedance of my power amp is 28k. So all the parameters should be fine although the high output impedance (5 kOhms) of the passive is a little high. I liked the idea of a low global feedback discrete buffer/gain stage, which is similar to the I/V stage of my dac.
I have been messing around with the different settings in the Kara; passive, low gain, high gain. During my listening sessions it's become quite apparent that the Nexus amplifier stage of the Kara adds a bit of bloom and takes away some of the transparency of the sound. The low gain and high gain settings sound very similar. But the passive mode is significantly more transparent and realistic sounding. I don't know why, I would not contribute this to the measurements. My power amp has significantly higher 2nd and 3rd order harmonics, so I don't think that adding a fraction of distortion would make any difference. However, the percieved sound gets quite muddied up by the gain stage of the Kara.
As a passive stepped attenuator, the Kara is a 10/10. I don't mind the clicks. I don't hear any clicks from my speakers, just from the relays. It's intense, but it's fine. As a gain stage, I'm not so sure. It's definitely not transparent. It takes away some details of the sound.
I would like to hear from others who own the Kara, if your experience is the same. Right now I wish that Schiit would launch a passive preamp with a stepped attenuator and remote, and no gain stage or headphone pre.