Hi Davey,
Well ..... here's the deal. For my posts to have any credibility at all, I have to tell it as I see it ..... no more, no less.
As such, the opinions I previously shared are still holding :
If a person can find a stash of the very best tubes that work in the buffer stage of the Havana, I prefer it slightly. There is something about the vacuum tube that adds bloom and dimensionality to the music. With the stock tube in the Havana, I prefer the Z-DAC. The problem is that the very best tubes are getting expensive and / or rare .....

Having said that, I suspect that the ZBOX with a top notch tube would give similar results.
When Parker Audio Dave brought his Camelot Uther over for a comparison with the other two DACs, it made me appreciate why this was my reference DAC for such a long time. It sounds better than either to my ears ..... and should ..... for $ 4500.00.
In addition to being a great sounding DAC, the Uther has built in remote volume and balance control in the analog domain with a display that shows the volume and balance settings. This eliminates the need for a preamp or other volume control in the chain.
Also, the very latest Anagram modification for the Uther has some sort of circuit that mimics the Genesis Digital Lens built in. It totally takes the cable issue out of the equation. I compared budget coaxial, balanced and ST glass cables (on the fly) and can hear absolutely NO difference ..... they all sound great This is exactly what the Digital Lens does on the output side for cables.
The Uther shows up occasionally for sale (used) and still commands two or three time the price of the (new) Z-DAC or Havana. I was fortunate enough to find one a couple of weeks ago ..... with the latest Anagram mod. Hard to believe.
The bottom line ..... the Z-DAC and Havana are both great DACs at a very attractive price. I could live happily with either. Anyone who buys a Z-DAC will be grinning from ear to ear, IMHO. If they pair it with a Z-BOX or the possible future Decware vacuum tube gain stage, they will probably have a hard time prying themselves out of their listening chair .....
When you get to this level of performance, life is good ..... very, very good .....

I would still like to hear from some other Z-DAC owners ..... but, maybe they are too busy listening to music .....

Best wishes,
Randy