I then aquired a Jay’s Audio CDT2 MK2 transport. Superb top-loader with ultra low jitter. Result when connected to the Theta DAC? Best Redbook CD playback ever from my system. Micro and macro dynamics, imaging, resolution and soundstage extended well beyond the offerings of the other two digital transports when combined with the same DAC.
My take-home message is that the jitter-encoded signal from the transport likely contributes significantly to how well one can distinguish playback differences in the DAC, as well as whether the full potential of the DAC can be realized.
In my case, the transport made a huge difference. I suspect the same effect is taking place with your system, where a jittery transport over-rides any benefit afforded by the downstream DACs.
I have heard a lot of good things about the Denafrips Pontus. I don’t know if it has the reclocking hardware of the more expensive Venus or Terminator.