That fine for you, but sorry it's what I've heard with many A/B's in my own system and with others. To me PCM done with DS is akin to amplification being done with Class-D
I'm with fuzzbutt17 (Benjamin from Mojo Audio) and yet to hear different, to me the best pcm conversion is not done with DS.
You have to ask yourself why are there so are many (expensive) discrete and "chip versions (egSchiit)" R2R lader dac's now being made that are made in Europe, GB, China, US ect, just to do PCM with, and not even able to do DSD, crazy marketing if it had nothing to better to give.
Why go to that bother and expense with a "so called" dying Redbook format. When these guys can get say the top line ESS Sabre dac chip for a fraction of the price, with digital domain volume control and all sorts of other goodies, and be able to do DSD.
Cheers George