Measurements are a starting point not the be all end all.
That's right. You need to then apply understanding of those measurements, the engineering behind the design and science of hearing. With all of those factors combined, you can build a high confidence idea of how good a piece of audio gear is vs other choices.
If everything measured the same assuming we could measure everything (cannot) we would just have one speaker to choose from.
Once you bring in electro-mechanical components like speakers, then what you theorize is impossible. Heck, a pair of speakers from same company and model will likely measure differently. So no sense in talking about speakers measuring the same.
In controlled listening tests though, we can get speakers that tie statistically based on listener preference. In those situations, you can then apply other buying factors such as price, looks, support, etc.
Above is what we do at ASR. We narrow down the near-infinite choices down to good number of speakers which you can then select from, knowing with high confidence that you are not buying a dud.
The china brand dacs they love so much might measure amazing on a 200 buck dac but are they sure don't sound as good subjectively.
Putting aside the fact that those China DACs are part of whole category that includes such companies as Schiit and JDS Labs in US, your claim there is without evidence. Come back in a controlled test to show that what you say is true and then we stand up and take notice. Until then, I can put two identical DACs behind a screen and get every one of you to say they sound different. So forgive us if we don't put much value behind such claims.
Fact is that the best designs in DACs today come from these mass market companies. They have a closed loop design process where they measure and optimize for transparency. And since DACs can be highly optimized from manufacturing point of view, you get superb, transparent sound for as low as $80.
That's not to say there is no room for much more expensive DACs. Some of us, and that includes me, appreciate other things than sound such as looks, features (VU meters, EQ), etc. The Chinese companies are almost getting there on this front as well, while still charging reasonable prices. Here is a recent example, the Eversolo DMP-A6:
For $850, you not only get an excellent DAC but a full blown streamer running Android as well.
Would love to see more high-end DAC companies produce high performance DACs that also look luxurious.