The Adcom is a fabulous D/A converter. It's measured performance in the Stereophile review is beyond criticism.
https://www.stereophile.com/content/adcom-gda-700-da-processor-measurements
"
Overall, the GDA-700 had superlative technical performance. The high channel separation, terrific linearity, excellent noise modulation, and good jitter performance are impressive for a $1000 processor."
I certainly wouldn't be replacing it in a hurry.
I got a GDA-700 three years ago. I don't like Adcom products, but I couldn't resist — it was mint condition and cost a whopping $7. It totally changed my view of Digital, a view I'd held since CDs first appeared. No, it doesn't "sound like vinyl", that's a BS standard of comparison — it just sounds like Music. Real Music, not the freeze-dried version of early digital. It has a Class A output stage designed by N Pass, for what that's worth — I'm not a groupie, but he's one of those audio designers some people worship. The old Redbook standard is fine in my case, so the 700's lack of higher numbers isn't an issue. And BTW, the 700 comes from "The Golden Age" of CD, when it was fully understood and the best minds tried to make the very best machines for it — much like the fabled golden age of vinyl, and its magnificent TTs, tonearms and cartridges.
People who think new "must" be better are — well, I won't finish that sentence, it'll just hurt their feelings or anger them. Some posted that the 700 was "OK for the day" and say rolling op-amps will make it
really good. Did they actually
DO it, or is it just another opinion based on a rumor they saw on the internet that "must be true"? There's a
very long thread here on AK about op-rolling and "improving" the 700 in other ways, chock-full of technical data — and it's a saga of futility.
I
did manage to make a dramatic upgrade, simply by using a "digital" cable to connect it to the transport (Coax-to-Coax). An IC doesn't do it. I used a "High End" IC — it even had the word "Digital" printed right on the insulation! But a true dedicated digital cable has different specs and a different design, and it makes a profound difference — and it wasn't even "magic wire", just lying-around-the-house copper — but it was quad-shielded with foil and 3 layers of tightly-woven braid — and what a difference! A
real "night and day" difference, like the magazines write about when they move a speaker half-an-inch.
I made the cable myself at home for about 8 bucks in parts, so a "good" one will probably be even better. If you're feeding your DAC through a normal IC, no matter what DAC it is, you're not feeding it, you're starving it.
The Stereophile review Rest-John linked to compared the 700
very favorably to a Mark Levinson DAC that cost 10-times more. So yeah, the 700 is "old" — but would you scoff at an "old' Levinson amp or preamp?