I've updated my hifi after some time and would like advice on a budget level DAC, I have a Marantz pm6004 and some Neat iota speakers, looking to spend about £150.
What a silly statement, I have a Topping D50S and a Chord Mojo and there is really not much between them, so I'm guessing you are also saying the Mojo is terrible?
I went from a topping E30 to the ifi zen DAC 2 and have been happy so far. I also bought a teradak linear supply for it and what a difference it made.
One reason I bought it was to dabble in mqa but I can't really notice a difference between that and flac. The DAC has a fixed output switch on the back which is good for feeding into an amp and you can still use headphones and the volume dial on the front if you want.