well,subjectively,I was totally disappointed with the flat sound and lack of of punch of my loudspeackers(and 32 ohm Headphones) with the topping dx7pro .So the combo Smsl m200+Sp200 is on its way to try something different.According to many,nothing will change.
Well,we'll see in a few days and i'll give you my subjective opinion.
Well guys, we have a winner here! Subjectively, everything that was lacking with Topping Dx7pro (flat sound, lack of oomph and bass) is back again. Smsl m200 gives me what I wanted, a significant increase of transparency (compared to my Teac Ud 501) with same qualities(punchy bass, "warm" sound...).Sound stage improved a lot too.
I don't know if it's the change of Dac Chip(Ess to AKM), different architecture(Topping to Smsl), better input voltage correspondence with my source(PW link which have an output of only 1.332 vrms(according to Amirm) or brain illusion...
Anyway, it works with me, my Quest for a better dac is over.
I agree about so-so build quality:Volume knob works but is loose at best. As shown in my pictures:
 Sp-200 knob(headphone amp) is exactly the same knob used on my Dynavox switch amp:it's knob cover was only glued and stayed in my hand 6 months after buying switch...
Another problem, the remote:you see in my picture that the up battery( a regular one) prevents remote cover to close and fit perfectly(up left corner of the image) . That's really bad designed...