AFAIK, many of the higher-priced active DSP monitors actually have really decent converters... IIRC (nearly) TOTL parts for e.g. the Genelec 1237A or Neumann KH750. Things tend to get a bit marginal on the bottom end, with dynamic range on both ends barely exceeding 100 dB(A) and slightly less than ideal anti-alias filters... think CS5341 in the JBL 30x or ADAU1701 converters in others, with converters and DSP running at a mere 44.1 kHz at times. There's definitely some room for improvement left there. I'd shoot for an overall dynamic range (A/D+D/A) of about peak dB SPL, and processing at 48 kHz minimum, ideally more like 96. Modern AKM ADCs' filters even perform best at 192-384 kHz, which may require some SRC first.
I have a DAC from nearly 20 years ago, the Bryston BP25-DA. I just replaced it with a Topping D70s for digital sources. I like the Topping better, but I would place no wager on my ability to consistently pick it in a double blind test. I largely use CDs as my digital source.
Had a quick search, and this model appears to be the first DAC (well, preamp with DAC) I've come across to actually
use the CS43122, Crystal's flagship part for a few years in the early 2000s. Neat! Specs are dynamic range 122 dB(A), THD+N -102 dB, filter ripple +/-0.0001 dB, filter stopband -102 dB.
Here's a whitepaper on the part. I sense some modding potential... and the DAC part itself might not actually be the limiting factor (a case for some tape loop action?).
An old newsletter is telling us that they are apparently using an ASRC to upsample to 96 kHz, much like the Benchmark DAC1 of the day, so the same caveats about staying away from 0 dBFS are very likely to apply. If the DAC performs anywhere near chip spec, you can definitely afford it!
But yeah, connected to a plain CD player you are probably better off with a DAC(-pre) with controllable digital attenuation like the Topping, which I think being AKM-based would even provide about 2 dB of headroom as well.
The fact that modern devices can achieve -100dB routinely doesn't make it necessary, or that anything less is actually bad.
I'd think most of us actually well aware of this. SINAD is a bit of a stupid metric for audio anyway... there are applications like preamp replacement where <-120 dB of the +N part is actually needed but nobody is going to hear the difference between -90 or -120 dB THD, assuming things do not get dramatically worse anywhere else in the audible spectrum. (I mean, plenty of people are happy with stock Behringer *2496 series devices, and they are up to like -70 dB THD by 20 kHz...) It's really more of a metric of
engineering quality. Those who may actually require high SINAD like that for some non-audio application in the future (maybe something SDR) will be glad that there were some silly audiophiles who bought the gear to begin with.