O.k., here is my comparison Terminator DAC vs. Yggdrasil Analog 2 DAC (Yggy2).
Conclusions from yesterday are the same as from two nights earlier. I just wanted to nail this down without any doubt. Source driving the DACs is a Simaudio Moon 260 DT transport (Redbook CD) through an MIT SL-Matrix Plus AES/EBU cable (that expensive cable contributes quite a bit to signal quality). Both DACs are continuously on 24/7, the Terminator is also played 24/7 as it is still considered to be in break-in phase.
John McLaughlin and the 4th Dimension, live at Ronnie Scott's: The electric piano opening track 2 (Myles Beyond) is considerably more detailed, richer and open sounding on the Terminator. The electric guitar opening track 5 (New Blues Old Bruise) is more gravelly sounding, and there is a designed electric "post-echo" on each note that is only faintly audible on the Yggy, while being very clear on the Terminator. This impression has not changed from day 1 (really, the Terminator was just a few hours warm). I knew back then right away that there was more richness and nuance compared to the Yggy (Yggy1 back then), even though I hadn't heard those tracks in a while. The current comparison with the Yggy2 directly confirms that.
The drum solo in track 9 (Echoes From Then) sounds more lively and dynamic on the Terminator. I don't think that the dynamics are actually different per se, but the Terminator is just more "outspoken" and thus the impact of the dynamics seems greater. The strong rhythmic drive on both DACs is comparable.
The mid-bass of the Yggy2 may be just a tad more pronounced than on the Terminator, but the latter may not yet be sufficiently broken in (?). Bass control is comparable between the two DACs; here the Yggy2 also has made good progress compared to the Yggy1.
Interesting that on this John McLaughlin record the difference in detail between Terminator and Yggy is actually stronger than on some string quartet recordings, where the Yggy on some passages shines just as brightly as the Terminator when it comes to micro detail, whereas the latter trounces it on other passages.
Schubert, Winterreise (Winter Journey), with Dietrich Fischer-Dieskau (baritone) and Joerg Demus (piano). The voice on this famous recording sounds more open and harmonically richer, more expanded, on the Terminator DAC. In comparison the Yggy2 sounds muffled and smaller on the voice, even though the tone has comparably strong body. The transparency and feeling of the performer being "there" is just so much stronger on the Terminator. The piano also sounds more convincing on that DAC.
Stockhausen, In the Sky I am Walking (1977 recording, Stockhausen Verlag). Here the two voices (mezzo soprano, tenor) sound comparably transparent on both DACs, with a really strong feeling of presence -- when you listen in the dark at realistic level, it can actually be frightening, how real it is. Yet even here, the Terminator is more precise and clean in timbre and thus even more convincing in its presentation.
On other recordings the Terminator also consistently paints a richer harmonic palette, and is more open sounding than the Yggy. Is it cooler sounding than the Yggy2? I don't think so at all. The Yggy does not sound warmer, it sounds darker. The richer, harmonically more expansive tone of the Terminator DAC effectively counters an impression of less warmth that might arise from its more pronounced treble (which is extremely clean and pure) and greater openness of sound. As I said before when comparing with the Yggy1, the Terminator does not sound less warm, it sounds more luminous.
There is no doubt in my mind that the DENAFRIPS Terminator DAC is superior. It remains in my system, no return!
A round of applause for the Terminator DAC, please.