Short answer
Both are portable players, $1799 against $1999.
The FiiO M17 reaches 100 dB on 567 of the 567 models here, the HiBy R8 II on 565.
| Specification | FiiO M17 | HiBy R8 II |
|---|---|---|
| Power into 32Ω | 500 mW | 225 mW |
| Power into 150Ω | 115 mW | 48 mW |
| Power into 300Ω | 63 mW | 24 mW |
| Power into 600Ω | 32 mW | 12 mW |
| Output impedance | 1 Ω | 1 Ω |
| Output noise | 3.5 µV | 3.2 µV |
| Price | $1799 | $1999 |
| Headphones it reaches 100 dB on out of 567 | 567 | 565 |
| Balanced | FiiO M17 | HiBy R8 II |
|---|---|---|
| Socket | 4.4mm | 4.4mm |
| Power into 32Ω | 3.0 W | 710 mW |
| Power into 300Ω | 250 mW | 76 mW derived |
| Output impedance | 2 Ω | 1 Ω |
| Output noise | 7 µV | 5.4 µV |
| Headphones it reaches 100 dB on out of 567 | 567 | 566 |
Through the balanced sockets the FiiO M17 reaches 100 dB on 567 of the 567 models here and the HiBy R8 II on 566. Derived figures are worked out from the loads the maker did publish.
| Load | FiiO M17 | HiBy R8 II |
|---|---|---|
| 32 Ω | Published | Published |
| 150 Ω | Derived | Derived |
| 300 Ω | Published | Derived |
| 600 Ω | Derived | Derived |
Both makers publish a power rating. FiiO M17 publishes at 32 Ω and at 300 Ω; HiBy R8 II at 32 Ω. The other rows are worked out from those.
So the two columns are not equally firm row by row: at 300 Ω only the FiiO M17 figure is the maker’s own. On those rows the derived number is the one to doubt first.
2 headphones reach 100 dB on the FiiO M17 but not on the HiBy R8 II — Moondrop PARA, Symphonium Titan.
4 headphones stay below the audible-hiss threshold on the HiBy R8 II but cross it on the FiiO M17 (Audio-Technica ATH-CKS1100, EPZ K5, Grado Signature S750, 1 more).
565 of the 567 models here reach 100 dB on both.
Headroom is at a 100 dB SPL peak.
The widest gap on the list is the Shure SE846: FiiO M17 has +40 dB of headroom there against +32 dB. 8 dB is about 6.6 times the power, which matters for peaks rather than for how loud the music sits.
Hiss below about 20 dB SPL is inaudible in a quiet room.
| Headphone | Impedance | Needs | FiiO M17 headroom | HiBy R8 II headroom | FiiO M17 hiss | HiBy R8 II hiss |
|---|---|---|---|---|---|---|
| Shure SE846 | 9 Ω | 0.04 mW | +40 dB | +32 dB | 25 dB | 25 dB |
| Campfire Audio Andromeda 2020 | 9 Ω | 4.0 mW | +20 dB | +12 dB | 5 dB | 5 dB |
| Audeze LCD-2 Classic | 70 Ω | 0.79 mW | +25 dB | +21 dB | 3 dB | 3 dB |
| Beyerdynamic DT 1990 Pro (250Ω) | 250 Ω | 0.63 mW | +21 dB | +17 dB | -1 dB | -2 dB |
| HiFiMAN HE400se | 25 Ω | 7.9 mW | +19 dB | +13 dB | -2 dB | -3 dB |
| Audio-Technica ATH-R70X | 470 Ω | 1.6 mW | +14 dB | +10 dB | -8 dB | -9 dB |
| Sennheiser HD 600 | 300 Ω | 6.6 mW | +10 dB | +6 dB | -12 dB | -13 dB |
| HiFiMAN Susvara | 60 Ω | 50 mW | +7 dB | +4 dB | -14 dB | -15 dB |
The HiBy R8 II costs $200 more than the FiiO M17. Out of the 567 models here, that difference buys 4 more models kept below the audible-hiss threshold.
It does not run one way only: the cheaper FiiO M17 drives 2 models to 100 dB that the HiBy R8 II does not, which is the part worth checking against your own headphones before paying the difference.
Only published figures count here; blank axes are counted separately.
Each in full: FiiO M17 and HiBy R8 II.