What about a Korg MW series mixer instead of the RME + ADCs + ADAT->S/PDF?

Cost should be similar or a little bit lower for the Korg, will take up more space but you have much more control over every channel. And you still have 8 analog outs to the mixer.

Alternately, a MOTU 828mk2. They are cheap but good. Probably not as good as an M2/4/6, but no one will notice live. The low price is because MOTU no longer provides drivers. The 828 series are also digital mixers. The Mk2 is fully programmable from the front panel, and the UI doesn’t require referencing the manual. Used prices should be under $200, so If you end up getting an RME or a MW, you can use the 828 as an S/PDIF / ADAT interface.

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