I had the RX V1 before the RX Z9. To my ears, the Z9 has much better sounding dac performance for whatever reason and much better surround modes. It is interesting, though, that the V1 had a more audiophile dac, per se. The V1 didn't decode SACD.
When I got the Z9, I sold my expensive tubed ultimate two channel dac from Sonic Frontiers that sold for $6000 originally. The Z9 whipped it easily, pissed me off and surprised me at the same time.
The BB PCM-1704 DACs in the V1 and Z1 I believe were NOT of the "K" variety (highest grade) though.
And both the Z9 and Z11 have many more DSP chips for a much much higher level of processing power.
...Six times greater DSP capacity than the previous RX-Z1.
In the Z9 the frequency response has been expanded two-fold, and so the upsampling audio signal (from 48 to 96kHz).
And because of all of that, the amount of early reflection data is tripled.
...Which provides significantly better surround sound performance.
* I had the Z11 for a short while, and sold it for a very nice profit.
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I would love to see Yamaha using Audyssey MultEQ XT32 with PRO, or TRINNOV; but not in this lifetime.
Yamaha's all 'bout DSP Cinema & Hi-Fi, and Parametric EQ for all its 13 channels (RX-Z11).
As a Stereo audiophile preamp, it sounds real good (no DSP).
And for Cinema maison, YPAO with DSP is an acquired taste; but me I'm an Audyssey man. :b
Strictly Jazz Club and Classical Concert Hall DSP effects, Yamaha rules them all.
But wou'd better be ready to experiment and change some controls according to the music material you're listening.
Been there done that; no more time to waste in life, music is simply too precious to constantly fiddle with.