Interesting to me, how these discussions become so incredibly polarizing. Isn’t it true that there are many variables to consider here? A good sounding dac is a good sounding dac. A dac that measures well does not guarantee that its output stage will be particularly pleasing. But it is possible that a dac that measures well can also be a great good sounding dac. It is possible for a poorly measuring dac to still sound unique and wonderful. So much of this is subject to personal trial and error. However objectivist we’d like to be, two individuals with the exact same equipment will find differences in their setups for reasons that extend beyond their equipment.
Circuitry and the arrangement of internal components, board designs, filter caps (or lack there of), chips, or discrete circuits, wiring (and the amount of it), etc etc etc. all render different results. Question is, how do we listen? What are we finding or looking for when we do?
Not a guarantee, and there are some price conscious outlier/somewhat giant killer components out there…but I have found that quality components paired with good design = good sound. But I suppose even that’s too subjective.