What makes you say that HPA4:
THX-888™HEADPHONE OUTPUT:
- THD < -125 dB (0.00006%)
- SNR > 131 dB, unweighted, 20-20 kHz
- SNR > 135 dB, A-weighted
- Frequency Response - 0.003 dB at 10 Hz, -0.001 dB at 20 kHz
- - 3 dB Bandwidth exceeds 0.1 Hz to 500 kHz
- Output Impedance, near 0 Ohms
- Output Noise < 2.45 uV at Unity Gain, 20-20 kHz
- Maximum Output Power, 6 Watts into 16 Ohms
- Maximum Output Current, 1.5 A
- Maximum Output Voltage, 11.5 Vrms into 300 Ohms
- Crosstalk < -133 dB @ 1 kHz, -115 dB @ 10 kHz (XLR4)
BALANCED LINE OUTPUTS:
- THD < -125 dB (0.00006%)
- SNR > 135 dB, unweighted, 20-20 kHz
- SNR > 137 dB, A-weighted
- Frequency Response - 0.003 dB at 10 Hz, -0.001 dB at 20 kHz
- - 3 dB Bandwidth exceeds 0.1 Hz to 500 kHz
- Output Impedance 60 Ohms
- Output Noise < 1.9 uV at Unity Gain, 20-20 kHz
- Maximum Input and Output Voltage, 20 Vrms (+28 dBu)
- Crosstalk < -133 dB @ 1 kHz, -116 dB @ 10 kHz
At which metrics the L50 "beats" the HPA4?
Plus HPA4 is a full fledge preamp, these two products can't be compared. A more comparable package from Topping would Be the Pre90 with extension combined with the A90 which would be 1350$. Still a much better price than the HPA4.
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