Yes all CD player/transports can read the data, but the problem is timing and distortion. Imagine what happens to the sound if the speed of the data flow is off and/or it fluxuates because of vibration, irregular speed of the platter, poor cabling, and/or fluxuations from an inadequate power supply (and a little of "all of the above" at the same time).
The data correction in the DAC can only do so much, and of course the quality of the DAC affects this also.
The data correction in the DAC can only do so much, and of course the quality of the DAC affects this also.