"Effectively lossless / perfect" is probably accurate but I don't think that anyone can say that a DSD-to-PCM or PCM-to-DSD is bit-perfect unless it is tested by reconverting back to the original format for comparison.Fully agree. I have great respect for the JRiver team so had a quick look at their DSD Wiki:
Quote: The total amount of data from this conversion grows by 8x, so the process is effectively lossless / perfect.
Source: https://wiki.jriver.com/index.php/DSD
So unless Tom C can provide a link to JRiver's 'bit perfect conversion position' I don't believe they ever said that.