multiple factors determine the overall sound quality of DACs
Yes you are also correct there Charles, and in the conversion of Redbook (PCM) there is one glaring factor, published by MoJo sound and recognized by many in the know, that is:
"When a PCM file is played on a DSD or Bit Stream converter, the DAC chip has to convert the PCM to DSD in real time. This is one of the major reasons people claim DSD sounds better than PCM, when in fact, it is just that the chip in most modern single-bit DACs do a poor job of decoding PCM."
Cheers George