@itsjustme
You make some insightful points regarding SMPS capability. Antipodes latest flagship music server is the Olandra and they decided on SMPS rather than LPS. They intend to compete with Taiko Extreme and Pink Faun which both have LPS developed to the nth degree.
So it appears that high quality well implemented SMPS are very viable choices. Most people switching from stock SMP with their components to LPS do legitimately experience an upgrade in performance. Listeners teport what they hear with direct comparisons. For my CD transport, I replaced the standard SMPS (Actually pretty good) with a LPS and there was a noticeable improvement in sound quality.
Those SMPS do not represent the best efforts and generally are provided due to cost consideration. Are there any SMPS upgrade options that can be purchased as alternatives that compete with good quality aftermarket LPS choices?
Charles