BUT wonder what I'm loosing by not having the MQA from the Node2?
Nothing. You have MQA on the Node2. MQA is purely digital. On one side it compresses the digital signal and on the other side it decompresses the digital. All this happens before the DAC.
What would be the difference if any between the coax out from the Node2 compared to the analogue outs since they both end up coming out of the 976 DAC's?
Hard to say. It depends on the quality of the DACS in the Node2. In general I'm in favor of keeping everything digital as long as possible so I'd go with coax/TOSLINK. Extra conversions tend to add noise. As always, what sounds best to you is right. Try them both and pick.
If the analogue signal is MQA going into the 976 is that down or up sampled when it comes through?
Not sure what you're asking here. Compressed MQA is 44.1 Khz 16 bits. From what I could find you can put this in a DAC directly (without decompression) and it will still work but with higher noise than decompressed.
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