I'm open to the possibility that the brands mentioned by @peng have the potential to get the DAC stages right. I'm less certain that they can get the preamp and amplification stages to the point of delivering low distortion and sustaining rated power in all channels. It is often the power supplies that are chinzy. These add weight (shipping cost), size (form factor), and power consumption (heat) that get in the way of accounting and marketing goals.
I hear you, my optimism is based on the following facts:
- The little WX-A50 manage to fit in Amir's orange band, beating out quite a few dedicated DACs.
- The AV8805 did score well on his bench if it wasn't set back by the unusual filter setting that Marantz programmed.
- Dr. Rich confirmed what I saw on on the schematics of the 2017 D&MAVRs and Marantz AVPs, that they have upgraded the preamp, those are no longer the LSI chips (specifically the Renesas chips) Anthem and NAD still seem to be using, Yamaha too, but those Rohm chips the recent Yamaha models used, seem to have better specs than the Renesas chip that Dr. Rich had written about in the past.
The schematics of the 2017 D&M AVRs/AVPs show the line analog input has a direct path that bypasses the ADC and DAC and go straight to the preamp/vol control section, so no double conversion required for the direct/pure direct modes.