I have 5 DACs accumulated on my rack and only one is being actively used because it's the one with less SQ flaws of all.
The rest sits there collecting dust and everytime I try to use them I spot their faults and return to the same one. All near SOTA implementations, 1 based on 9028, 2 9038 one Akm 4499 and a Chord Hugo2.
The one based on AKM 4490 has the widest sound stage, laser focused, but no rhythm, no texture and gets you ears tired on less than 30 minutes. The rest don't offend as that one. The best of the pack by far is the Gustard X26 pro is clearly more resolved, better peace, better dynamics, texture and good sound stage (but not as spectacular as the AKM on that regard) FR-wise is almost 100% perfect but I can sometimes hear a very small "flavor" of it on some tracks.
All of them, by the theory advocated here, should be transparent and indistinguishable, but that is far from truth (again).
Well, I believe we are all tired of this discussion. So I will rest now.