Essentially, if I may rephrase it, OP is asking: Formerly DAC Quality was was an issue in the chain. Can we now assume that even the least DAC will have hit a minimum standard of quality that attention, and resources, are best applied to the other links?
One of my previous DACs was non asynchronous: PS Audio Digital Link III.
it was very good with it’s tos link and coax inputs, but terrible over usb-flattened the sound stage like a pancake. When devices began to appear that reclocked the usb output of the computer, it finally started to sound listenable. Today it would be hard to find a DAC that doesn’t correct this.
Do all DACs therefore sound alike, and can we ignore differences between them? The answer is decidedly no. I recently had two DACs in regular use that sounded wonderful indidually but could not have sounded more different from each other. I still think that the DAC will be the biggest determinator of the sound. That isn’t to say that the other links don’t matter.