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Which DSP to evaluate?

Hello, I'm considering evaluating the AD1940 using one of the EVMs, but first wanted some feedback as to if it will be powerful enough to run my application. I like the idea of using SigmaStudio, as prototyping will be quick and it includes some blocks that are of interest to this project. I will be connecting this board via I2S to my system and likely bypass the ADC.

1. 4 Channels audio processing, supporting sample rates of 44.1k, 48k, 88.2k and 96k.

2. 8 different FIR filters, each 2048 in length + signal matrix.

3. ADI Virtual Algorthim for Headphone virtualization. (License required?)

Thanks for your input!!