Presuming you’ll use SPDIF 1/2 to your first DAC, and SPDIF 3/4 to your second, you won’t have any timing issues because the SHD Studio will be acting as clock master. As far as digital attenuation, it won’t be a problem at all as the SHD Studio is a 32 bit device. I’d go with option #1 for sure due to the advantage you’ll get in a 2.2 setup with Dirac.