I measured the performance of the Reference Two in both full single-ended and full balanced modes. Maximum voltage gains were 15.2dB balanced in to balanced out, and 13.8dB single-ended in to single-ended out. With a single-ended input, the maximum gain available from the balanced outputs was just under 20dB. The preamp was non-inverting from both sets of outputs. The unity-gain settings of the volume control were 2:00 balanced, 2:30 unbalanced.
The preamp's input impedance varied from 52.5k ohms (unbalanced at 20kHz) through 66.5k ohms (unbalanced, bass…