Hi Dave,
Indeed - it's all to do with implementation. It takes a bit of effort and know-how, not to mention more complex circuitry, to get 1541s to sound optimal, as I'm sure Leo would agree
TDA 1541s, like anything else in hi-fi, aren't 'magic bullets' - if the rest of the design isn't up to scratch then the results will be mediocre, which is why some of the smoother-sounding (but ultimately rather bland) bitstream players of the day often 'outperformed' the more intrinsically musically adept multi-bit players. Get it right though, and there's no better sounding DAC chip than the TDA1541 in single or double crown versions, IMO.
I disagree about the CDS. The one you heard must have been broken because all the ones I've used and heard (in Naim systems) were superb and exhibited that beguiling musicality that good TDA1541 machines all have in abundance. If a CDS is performing optimally a Micro shouldn't outperform it in the context of a Naim system, providing of course that the Naim system in question was set-up properly in the first place.
In many ways I preferred the CDS to the CDS2 I later bought brand new for just over £6k (those were the days - not!), no doubt in no small part due to the different DAC chips. I'm sure that the transport mechanism used in the CDS2 was also different. I loved the 'top hat' puck, too of the CDS which was a much more user-friendly and clever design than the small round puck Naim then used on all their latest players.
As for the CD2, I've not heard one, but I owned a CDX with and without an XPS and found it to be an excellent CD player. In fact, some prefer a CDX/XPS to a CDS2 and I can understand why.
Marco.