If Shadorne's argument is correct then why should the quality of the DAC or CD player matter?
I think I covered this:
In fact the biggest source of quality differences with digital audio is the conversion to analog - this is where differences are audible - in the quality of the D to A converter.
Clock & converter accuracy as well as the quality of the analog circuitry in the output stage can still make a difference.
However, digital eliminates the problems of media storage degradation and analog read errors from media. (dust, feedback, surface noise, pressing imperfections, pre-echo, poor chanel separation, lack of dynamic range of analog storage methods etc.)