To me, Adobe Audition is still the best tool to analyze the files and differences, if they are properly matched. I does not introduce unpredictable math manipulation.
I do not agree that the spectra of the files start to differ from about 5kHz. I am stating that it starts from about 20kHz. This is the only noticeable difference between the files, a result of different frequency responses of the filters of the CD player and the DAC, not speaking about a constant shift in microseconds (which introduces apparent phase shift) which is the result of non-simultaneous non-synchronized sampling of the CD output and DAC output.
I have prepared a file in Audition where the left channel contains Alpha left channel and the right channel contains Beta left channel. Time analysis and spectrum analysis near sample no. 2110540 was done, where the difference between the files Alpha and Beta is the biggest.
View attachment 140811 View attachment 140812
Second, my intent is to show that there would be for almost sure no audible difference between properly designed and working digital signal sources (like here we use 18 years old CD player) and that the race for isolated parameters is useless. If there is a sound difference, it may be due to secondary technical issues like signal ground loops, intermodulations with ultra sound noise components and EMI induced issues. This is not covered by tests of individual components under clinical conditions. So if someone states he can hear a difference between 2 SOTA DACs, he should look for mistakes in his setup first.