Well there is need, for me at least. I use the car's SBC bluetooth for short journeys in the car, to and from the train station etc., and forgo the EQ. But on longer journeys I use the USB DAC with some EQ, but I loose the convenience of controlling the music from the steering wheel. So I'll get a FiiO BTR7 to replace the Helm Bolt and then I can use LDAC with some PEQ, hopefully without distortion. LDAC with PEQ works well for my headphones with no distortion.
Edit:
There is no need at all at year 2022 to use lossy codecs and lossy transmission.
I would perhaps say the opposite, there may be no need for anything other than a phone with LDAC and a well implemented LDAC DAC to achieve what we want. (I will go on to contradict myself though).
Apart from listening to my headphones in bed, I really only ever listen to music at home when I can listen critically. That is, I sit in the sweet spot, in a quiet house with no children around and nothing else to do and enjoy a few hours on uninterupted music. When I can do that I either use USB from laptop or LDAC from phone through my miniDSP Flex, and LDAC works just fine. I don't doubt that measurably the USB might be better but audibly, I don't think so. Having said all of that I do plan on adding a streamer for convenience (the contradiction), but I'm not expecting a night and day change in the auido quality. I suspect that most LDAC doubters have not really tested it to confirm the claims that they are making. And if you say that you have then I'll ask you if you have done controlled blind tests.