In the old analogue world this unit would have a place as SOTA,
I've been thinking for about a year that good HPAs like this actually make good preamps (even if they only have headphone outputs).
A good preamp will have a high input impedance (>10kΩ) to avoid degrading the source, and it will have moderate gain (say 10dB) to get gain-staging right.
I noticed that the really high end preamps (two boxes, five figures, tens of kilos) also have the following over-the-top characteristics:
- Very wide bandwidth (>100kHz)
- Very high maximum output level (>10V)
- Very low output impedance (<1Ω)
Those are the characteristics of many good, recent, inexpensive HPAs.
The A50iii isn't the greatest example (look at the L30ii ), but see how it compares with Stereophile's test of the $45k, 49kg,
Esoteric C1X on THD+N vs output V:
They're both extremely good performers, but there are a few things to look at:
The Esoteric reaches 12V output, which is higher than the Topping (though the L70 or DX5ii go even higher than that).
The Esoteric gets down to about 0.00035% THDN (-109dB), then distortion sets in above 5V.
The Topping gets lower, but Amir has a better analyser. Both are very good.
Now, look at the output level at -100dB / 0.001% THDN. The Esoteric hits it at 1V, the Topping at 200mV.
In this particular test, the Topping has a noise floor five times lower than the Esoteric, despite generating 5V undistorted output into 600Ω.
The Esoteric chart I showed is for a 100kΩ load. If you see the Stereophile test for 600Ω, the Esoteric is significantly worse, starting to distort above 2V, looking more like the Topping's performance into 32Ω. All that, in spite of the Esoteric having a stand-alone power supply that looks like a power amp:
This isn't to say that Topping is better than Esoteric. SMSL and Sabaj and Schiit also make some great preamps, and there are many dreadnaught preamps like Boulder, Simaudio, MBL , Benchmark, Pass Labs and CH Precision that offer similar, brilliant performance. But I think this is a good illustration of Topping's achievements.
however, in the digital world it will always need a DAC so IMO the DX5II makes more sense, less clutter on your desk and a much better buy for another $100.
The DX5.2 looks like a very good $300 DAC
and a very good $300 HPA, even better than the A50iii. If it had "R2R" volume control, I'd be in there.