The best replacement for rega dac is arcam rdac.

The best alternatives to rega dac are rated as following:
★★★★★  arcam rdac
★★★★  bifrost
★★★★  dacmagic
★★★  irdac
★★★  naim dac
★★★  mdac
★★★  arcam irdac
★★★  dacmagic plus
★★  naim dac v1
★★  m1dac
★★  audiolab
★  audiolab mdac
★  dac magic
★  nad m51
  apollo r
  m-dac
  peachtree idac

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Speaking about rega dac, one probably shouldn't forget about apollo r.

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