Yeah, the advantage of the ES9039PRO is that you can get it now for not much more money than the older ES9038PRO in the Toppng/SMSL lines. Agree, it is primary just ups in SINAD and power efficiency. I just ordered the SMSL DO300 for $352. It seems like a very good deal for a high performance/featured DAC....
I am also very attracted to products using ES9039Pro and ES9038Pro. However, in recent DAC products, the difference in sound quality between high-end and low-end has become smaller, and the performance improvement every year is remarkable. So I haven't reached the point of buying a high-end product yet. I mostly use cheap products such as Topping E30ll and E50.
I just recently entered again the home HF 2-ch market after several years absence. A lot has changed from only low quality lossy streaming options to actually streaming lossless audio without having to buy and mange all the high resolutions files myself. And for $9-12 a month, one has access to millions of tracks-sweet!
I found todays DACs are a surprising relatively mature market. Not so much for streamers or streamer/DACs units. They also over the map and very wide price range. I initially was strongly intersted in the new Eversolo DAC for $860. It was the hype of the day. But slowly while reading tons of ASR reviews, I realized I just need a bit perfect steamer and a good DAC. I ended up getting a WiiM PRO streamer/DO300 DAC combo. Heck, I could have even spent less if I dropped the bal outputs/remote/preamp functions and still got a transparent DAC like the SMSL SU-1 for $80 +$80 for a WiiM Mini. If you are willing to forgo an all-in-one device, for $250 it delivers as good as almost all of the bit perfect streamers used a digital transport with DAC for hundred or even thousands less. Even on this ASR site, I sill scratch my head when I head someone wanting to spend hundreds of $ for a streamer/DAC combo with its measured transparent DAC and then use it as digital transport only and now add another transparent DAC in the hundreds of $ on top of the already expensive steamer/DAC.
Good time to be be in the market.