(2^16) *44KHz~3GHz. Thats a 4 inch wavelength!
If spectral content of the PWM wave exceeds the bandwidth of cable or connectors (impedance and loss stable over bandwidth) then VSWR and loss induced wave distortion is entirely possible.
Thank you @almarg for the RF insight. That kind of thought is entirely appropriate when trying to define potential sound changes due to the handling of analog waveforms representing 1s and 0s. Ethernet switches should have a far more stable source and load connection impedances to handle the advertised bandwidths. Cable loss and bandwidth also needs to be sufficient.
Normally I'd jump on a Sotm Neo or Sonore Ultrarendu but there doesn't seem to be a way to include Dirac Live in the PC since windows treats it like a virtual soundcard. Anyone have any luck with that? Having Dirac in the PC does eliminate an A/D conversion and has always largely improved my sound, whether improvements surpass what a Sotm Neo network player would provide remains to be seen.
Perhaps a USB to I2S converter and a short high speed USB cable will keep me going. Sticking to a DAC with I2S may also be wise.
Brody