I did some A/B testing with my LG CD player going through a $15 amazon DAC vs its own built in DAC. Not blind but switching back and forth. I couldn't tell a consistent difference. It sounded mediocre both ways. Maybe the rest of the setup hid all differences? Maybe both DACs sucked?
Ask yourself how likely is it that the two DACs had the exact same flaws so you could not tell them apart. Or is it more possible that they are just both transparent? I do think mediocre speakers/headphones/acoustics
could hide
some differences. It's definitely more convincing when the rest of the system is impeccable and you like the overall sound.
I did a lot of work with my switch box on many different systems and configurations that had generally good to excellent sound, I think the last was testing expensive speaker cables, and I the only time I heard a statistically meaningful difference was with a tubed Conrad Johnson preamp, the highs were very slightly rolled off. I think that was the only tubed part I ever tried.
The important thing is that, once I figured out that I could skip listening tests (for electronics), and all that's left to go by is measurements (and certain ephemerals that make me like or dislike a component) then it was quite a relief. So if there's
some question about how audible good-measuring electronics are, but
zero question at all of the audibility of differences between different speakers (& headphones), what does that tell us about how much to worry about how electronics sound?