I recently needed to make a location recording. Something I don't often need to do. The only thing I had was my old zoom handheld H4.
The H4 is one of the one of the older ones and you can find them on ebay for a pittance. I went to the location to experiment with it. Honestly I didn't have my hopes up very high. I was fully expecting to need a better rig for the job.
I used two condenser mics plugged into the xlr ports of the zoom with the H4 on battery power. After I had the gain staging correct I was blown away by the quality of the recordings. I can't imagine these converters being very good, yet the sound with no outboard preamps was amazing.
One thing I've noticed recently in my own recordings is I get more sheen using the highest bitrates and resolutions. In the case of the H4, it can record in 24/96 with phantom power. I suspect that if you ran the less expensive converters up to the highest resolutions you might notice a difference over 16/44.1. Higher resolution won't get you the exact sound of those more expensive converters but it seems to help.
I still might be getting another field recorder but I was blown away by the quality of the H4 for what it is.
As an FYI, I have noticed some killer converters at a great price but most audiophiles are missing it because it's marketed to photographers. Check these out-
http://tascam.com/product/dr-70d/ http://www.amazon.com/TASCAM-DR-70D-4-Channel-Audio-Recorder/dp/B00OY6718K/ref=sr_1_1?ie=UTF8&qid=1463399677&sr=8-1&keywords=tascam+dr+70d http://www.amazon.com/TASCAM-DR-60DmkII-DSLR-Audio-Recorder/dp/B00MIXFBL0/ref=sr_1_3?ie=UTF8&qid=1463399677&sr=8-3&keywords=tascam+dr+70d You can make great movie sound if you have the matching camera or they make excellent field recorders!