Digital signal recorders are becoming widely used in several subfields of c
entimetre-wavelength radio astronomy. We review the benefits and design con
siderations of such systems and describe the Princeton Mark IV instrument,
an implementation designed for coherent-dedispersion pulsar observations. F
eatures of this instrument include corrections for the distortions caused b
y coarse quantization of the incoming signal, as well as algorithms that ef
fectively excise both narrow-band and broad-band radio frequency interferen
ce. Observations at 430 MHz, using the Mark IV system in parallel with a sy
stem using a 250-kHz filter bank and incoherent dedispersion, demonstrated
timing precision improvement by a factor of 3 or better for typical millise
cond pulsars.