Check this article we wrote on the audio vs analogue performance on Bela:
The Audio Expander repurposes the analogue SAR ADCs by making them AC coupled and adding some filtering. Ctag, on the other hand, uses multiple codecs with sigma-delta converters (as the one in the Bela cape) providing line-level audio at multiple sample rates. Ctag therefore offers better audio quality and less noise compared to the Audio Expander. Furthermore, if latency is not an issue, it can be used with ALSA to achieve even higher sample rates and bit resolution.
(Also, keep in mind that, if you want to use the Audio Expander with 8 channels, you would be limited to a 22.05 kHz sample rate).