You're spending far less per-channel for this than the Pro FS. The Pro FS has (at most) 4 analog outputs (if you include headphone outs) and 2 analog inputs - figure that's $500 per channel of outputs and $1000 per channel of inputs. In contrast... The x16 has no less than 16 ins and 16 outs at $3500. So, on a per-channel basis, the Apollo is quite a bit cheaper, and puts up roughly equivalent performance.
Another interesting device would be the Cranborne Audio 500s. It's a 8 slot 500 series lunchbox, but with 8 channels of AD/DA conversion. Soundonsound measured it and found it equivalent to the Lynx Hilo on both AD & DA (iirc). The ADAT version you have to use in conjunction with another interface is $1,600 or the USB interface version is $1,700.