Alex - so a Schitt Loki is better than any PCM DAC :) I wish it were so. It would save us all a lot of money.
Even for a product like the Ayre, some people like the PCM better than the DSD. Different strokes for different folks. For example, I can hear a difference between PCM and DSD using the Korg as a DAC, but I would be hard pressed to say one is significantly better than the other.
Just to make things more interesting, as you know, most of the DSD DACs actually convert to a multi-bit format for final playback and some convert to PCM for playback.
Fun times.
Even for a product like the Ayre, some people like the PCM better than the DSD. Different strokes for different folks. For example, I can hear a difference between PCM and DSD using the Korg as a DAC, but I would be hard pressed to say one is significantly better than the other.
Just to make things more interesting, as you know, most of the DSD DACs actually convert to a multi-bit format for final playback and some convert to PCM for playback.
Fun times.