The H400 arrived today, and I've been using an A70Pro for the last week so have a good comparison. The sound is just as good at the A70Pro, I'd bet money nobody could pass a volume matched blind test between them. The menu is really simple and easy to use on the H400. It's got low, med, and high gain. On the Hifiman Deva Pro wired I use daily you can blow your ears off at the top of high gain. I've got several of the Hifiman He6se and will hook them up later with a steep preamp reduction to see how it sounds and also check temps under load with a laser thermometer. I've got a Sine wave UPS with a meter to check power consumption. The H300 I have doesn't have a standby mode and this one advertises it does, so I'll do research tonight.
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This SMSL H400 is taking full aim at the A70Pro just like they did with the H300 to compete with the Topping A30Pro (I've got those also). The volume wheel is great if you're left handed and keep a stack on the right. Kind of annoying with the plugs all on the right and volume wheel in the middle though. It's got a new remote I've never seen before, it's the RC-8D. The display is very graphical but it's monochrome, not the usual color IPS. It's very easy to read at a distance though and not distracting at all. The gain stages are different for SE plugs, I'll try some sensitive IEMs tonight, but this sounds as quiet as the A70Pro and I'm sure it'll measure sky high. It just came in, so wanted to post in case anyone has specific questions on it. Can't wait to give it a good workout with the 68ohm and 50ohm HE6se tonight.