Although Perca ($$$10k) does not publish its load-dependent distortion level, its average THD of 0.0003% (corresponding to -110 dB) puts itself closely against the Benchmark AHB2 (0.0001% or -115 dB; $$3.5k). Perca's high efficiency lies in its inherent nature of being a class D design, whereas the AHB2 is essentially a class A/B (technically class H) design but manages to achieve 92% efficiency thanks to its 'railing modulation' technology implemented on its voltage stage. In practical terms, the AHB2 generates a lot less heat compared to regular class A/B and runs as cool as a class D. Therefore, I concur with a few folks saying that the dividing lines among classifications become less and less clear; i.e., the class A/B amplifiers can be very efficient, and vice versa, the class D can be as smooth/musical as the class A/B, even though the fundamental PWM output waveform remains unchanged.
To me, if I could afford a few grands for a high-fidelity, high-end amplifier, I would jump on the AHB2 any time. Not only is it much more affordable, but the inherently smoother sinusoidal sound wave also wins me over. Despite various types of modulation, filtering, and feedback techniques implemented on modern class D amplifiers to make them sound better, I still believe in retaining the purity of the original sound wave as the ultimate avenue to achieve ultimate sound quality.