It depends which EMM DAC. The new MA3 is bright. I didn't like the sound at all. I have borrowed one from my dealer, out of curiosity, and I have returned it next day.
I had DV2 at the time at home, so was hoping to get more of the same house sound, but in a cheaper package, with Roon end point built in (Ethernet input). In other words - sth I could recommend to my friends as an alternative to Bartok, but fuller sounding.
Boy, they (DV2 vs MA3) could not sound different! DV2 was musical, slightly on the warmer side of neutral - in fact, it was very much like the Select II DAC, but with a little bit less resolutuion, less bass slam, smaller soundstage.
But in terms of natruralness, body and smoothnes, they were about eaqual. I have even described the DV2 a poor man's Select.
The MSB Select II remains the very best DAC I have heard in my system.