Amirm is coming to the question with knowledge about what type of distortion is possible, and what type of distortion is audible (given known thresholds of hearing).
If there is some OTHER form of distortion Amirm is not measuring for that would be audible...what would that be?
This is the problem I mentioned earlier. I do not believe that either Amir or the folks at PS Audio know exactly how all possible distortions (and time delays, phase changes, noise patterns, filter slopes, audible effects that change with frequency, etc.) interact to affect the sound quality the human brain hears and interprets. Thus, SQ cannot be assessed using measurements alone. Listening must be part of the assessment.
My summary of the P12 review on ASR is that Amir agrees that the P12 cleans up the waveform, as PS Audio intended, but that he can't measure any changes that he believes could improve the SQ when an amp is hooked up to the P12. Of course, Amir doesn't think listening is needed because he thinks his measurements tell the whole story. In contrast, PS Audio has measured and listened to the P12 during development of the product, and most users report hearing major improvements in SQ when using the P12, especially when there are significant problems with the power being supplied to the P12.
I do not believe that the folks at ASR are omniscient, and I also do not believe that the folks at PS Audio are trying to rip-off their customers.