Didn't the first Philips players use 14-bit DACs because when the Philips-Sony partnership began, Philips was proposing a 14-bit rebooks standard to Sony's 16-bit proposal, and by the time the dust settled and 16-bit won out, Philips was already pretty far along in design and production of their hardware?
Also, do I recall correctly that some of the early Philips players (perhaps the ones just after the very first-generation machines?) used 2x of the 14-bit TDA DAC chips in tandem to create a 16-bit capable signal path?