I don't agree with some of your statements:
1-Both power supply and output analogue stages DO have an impact on sound quality WITH THE SAME D/A CHIPSET. Example, as I've owned both, SMSL's DO 300 EX and D 400 PRO. They both feature the same AKM 4191+AK4499 EX chipset, yet they sound different. The D400 PRO features two power supplies, the DO300 EX only one, and the analogue stage of the D400 PRO has a higher quality, more elaborate analogue stage. Which one sounds better? The D400 PRO.
As I said, I've owned both, first the DO300 EX, and I swapped It for the D400 PRO, which still stays on my HI Fi system.
The thing about the power supplies is wrong, and repeating it doesn't make it any truer.
The D400 Pro has two +12V power supplies, which generate the +/-12V voltage. The +12V also generates the +5V for the digital section.
In this configuration, the filtered +12V output of one of the power supplies is pulled to ground, while the unfiltered ground output of the power supply delivers the -12V. This isn't ideal, but it has no practical effect.
The DO300EX has a +/-12V power supply, with 30% higher power and load capacity. That's one +12V and one -12V power supplies in one housing; it makes no difference.
Here, too, the +5V for the digital section is generated from the +12V.
The output stage is also not very different. The fundamental difference is that the D400 Pro has film capacitors in the signal path, while the DO300EX has Muse electrolytic capacitors. We've known for a long time that this doesn't make any difference or impact on the sound, even in practice.
Didn't you write back then that you returned the DO300EX and only received the DO300EX afterwards?
As already mentioned, we compared the DO300EX and the D400 Pro in a blind test with several DACs, extensively and with absolutely accurate levels. Of the five experienced people present, none could tell the difference between the two DACs.
I still own the D400 EX with two AK4499EXs. Here, too, there is no audible difference in sound, even though the D400 EX has slightly better measured values than the D400 Pro.