Fair, You have some logic to the reasoning, but is above my understanding of electronics. I do know that the reports I have seen (or witnessed in my system) with a DDC or re-clocker working well were all from R2R ladder DACs, but from several different manufacturers (Denafrips, Musician, Holo Audio, and a couple more). Whether it is due to a FIFO limit, or the benefits of I2S, or some other reason I cannot say.
Soix agreed, I tested a friend's Pegasus and Aquarius in my system, and the results were the same.....but as before they also would have benefitted from I2S. If you're thinking of upgrading your HDMI, my reference is an Audioquest Vodka 48 8K, but the Supra Cables 2.1 8K and DHLabs HDMI 2.1 10K sound great as well.....both under $100