I agree, my personal perception of Fiio's R2R so far using my HD650s, is that it sits awkwardly somewhere in the middle ground between the EF400(which seems to be agreed online as having that proper warm R2R DAC sound) and a DS DAC. It's not as clean as a DS DAC, but it also doesn't seem to be as warm/soft as the EF400 can be, so it's just kind of the worst of both worlds I guess. The soundstage and holographic qualities people talk about with R2R online, I think that is just people misinterpreting the effect of the added distortion. As I mentioned before, the differences are not night and day, but they are instantly noticeable when swapping.
However, I still think having a DS DAC and then having both a good tube amp and a solid-state amp is probably the optimal solution if you don't mind the cost and have the desk space.