A DAC that crushes price vs. performance ratio

Thanks Charles and Al. I have always felt that I have to trust people at some point without rock solid confirmation. I believe that he is telling the truth, and I intend to buy the Lab 12 as soon as I sell my Audio Note Kits 2.1 which I have loved for several years now, and  a couple of other things. 
I don't know how long that will take, but I will be sure to give my impressions Charles if/when it all works out.  

Hello Al,
I’m not surprised that you find the Pass XA 25 a very good match with your efficient and easily driven Daedalus Ulysses speakers. Is the Passgoing to replace the iconic VAC Renaissance 70/70 or will you retain both? Pure class A minimalist circuits (tube or transistor) consistently produce a natural high quality sound.
Charles

I respect all those who offer their genuine opinion of their listening impressions of audio equipment, regardless of the circumstances whereby they audition the gear.

Audio reviewers should clearly state their conflicts of interests, including a statement of the price paid for any reviewed samples.

Hey Celander,

The way you shared your opinion, "should clearly state their conflict of interests" is setting up a false/invalid assumption.  I have no "conflict of interests, I'm not censored by the man I write for, I do not have to protect any companies, and there is no alternative motive (s), just sharing my opinions about gear I listen to/review to readers here.

Yes, reviewers to get a "industrial accommodation" regarding price if we purchase the review demo.  If it's a small boutique company that has a very small profit ratio the discount is much less then a much larger well known/established company.  The pricing follows just about what an importer or retailer would pay for a piece of gear.  However, I don't agree that anyone, including a reviewer, "should/must" disclose what they payed for what they purchased.  

@Charles1dad
Thanks, Charles. I suspect that I’ll eventually sell the VAC, but I won’t decide until sometime after I receive it back. The XA25 is definitely a keeper, though, for the long term. It comes amazingly close to the VAC with respect to dimensionality, imaging, liquidity, and other traditional fortes of high quality tube amps. It’s a bit less rich sounding than the VAC, but I interpret that as an increase in accuracy, which is fine as far as I am concerned.

There are also some non-sonic factors favoring the XA25, including the likelihood of greater reliability in the years ahead considering the age of the VAC; the fact that even though both amps operate in class A the XA25 puts only 240 watts of heat into the room compared to what I believe is upwards of 700 watts for the VAC; and the cost that would be involved in re-tubing eight 300Bs if and when that were to become necessary.

This is the first time I’ve had a high quality solid state amp in my system in about 25 years, and I believe I’ve picked the right time and the right model with which to do so again.  Thanks in part to Terry's review.

Best regards,
-- Al