Leo, what / where did you get the pulse tx's?
I'm experimenting in that area at the moment with SB and Beresford DAC. Some mods already done to the Beresford IE Linear PSU (ALW SR to come), o/p cap replacement (before and after opamp), opamp replacement.
Found this improved performance and also that TOSLINK sounds just a bit better overall.
The 12v supply is split internally so next stage is to create new isolated 5v rails for DAC and 12v rail for the opamp.