scene:I was toying with the idea of the Beresford Caiman. Now I'll have to look add the DacMagic to my wish list and look at it...
Excuse me for asking, SPDIF = optical or coax?
I can only speak for the DacMagic, but I think either that or the Beresford would are good DAC's for the money. It was the DacMagic for me as I wanted to mount it vertically and it was in my mind to have the opamps upgraded to Burson's and I don't think they'll fit in the Beresford. Speak to Brent at AudioUpgrades for the potential to upgrade the Caimen, he's very helpful. I think his view is that people get too hung up on the actual DAC module, when other components such as opamps, capacitors and power supply can often make more of a difference.
Initially I used optical as that was what my onboard soundcard provided, however having bought an Asus soundcard which had a coax SPDIF, I switched to that as I've always believed there to be less margin for error with this method of digital connection.