Thank you for your explanation. I agree with major influence of other components in the audio devices chain and that those components might often be the bottleneck of music quality, so improvements in DACs might not make any hearable difference. On the other hand, we do not know. We simply do not know contribution values of all components in our hi-fi systems and therefore we cannot state that the improvement in the DAC chip parameters make no sense. Sure, we might look into tech info provided by the manufacturer of each component but this might be just advertisement, and moreover not all components would have such information available. If we would measure all the components in the chain, found the values and saw that, e.g. the worst is our amplifier with value of 115dB, then I would definitely agree that usage of DAC at 135dB instead of the one at 125dB makes no sense. But we simply do not know, and most of us are not able to measure each of our components and get the results. Therefore, our only option is to constantly improve all components which we might improve to the best we can (financially) reach (carefully listening if the improvement made the difference but in many cases empirical test simply cannot be done (nobody would lend the component for testing)), and hope we did everything possible to have hi-fi system which compromises the music the least.
Now, let us take another consideration. Let us take situation we are rich and we bought all other components in our chain of superb quality, the best on the market. Now, we want to play hi-res music and want to make sure we have the best DAC conversion, or in other words, do the least harm to the signal, won't we really notice difference between 135dB and 125dB DAC conversion? Current hi-res standard, 24bit music, has dynamic range of 144dB (32 bit ->152dB), the value that even the best DACs on the market did not reach yet. It looks we are not able to convert complete information contained in hi-res music even with the best DACs on the market today! Or am I wrong again?
You're wrong on one very simple point. You're assuming theoretical values and not considering the reality.
Point 1: Where are the microphones, microphone amplifiers, studio equipment, etc. that actually enable such quality and dynamic range?
Point 2: Where are the music tracks that transmit this dynamic range? Just because it says 24 or 32 bit somewhere doesn't mean it's possible.
Not too long ago, in a project with manufacturers, developers, measurement technicians, and even a few audiophiles, we looked at the topic of MQA and Hi-Res (FLAC, WAV, DSD, DXD, SACD, DVD-A) music compared to standard CD quality.
What can I say, MQA has absolutely no advantage, Hi-Res VS CD, well. The Hi-Res recordings that actually had an audible advantage can be counted on one or two hands, and it's very possible that the recordings were different. But the opposite case, with CD being better than Hi-Res, occurred more often.
The whole thing was listened to on three systems: the ASR "winner," a system costing around €/$50,000, and one in the six-figure range. The results were consistent for us across all systems.
Each of us has pieces of music that we have been listening to for 20-30 years and none of us noticed a new detail on any of the systems.
Please take a look at the measurement results from the project in the links. This is reality, and it will take decades for anything to change. If you were involved in a high-quality music production and realized how many limitations you have to contend with, you'd hit the ground so hard you'd burst. Often, you're forced to choose between two evils and choose the lesser.
Comparison of more 80 titles and 500 versions from Vinyl to Bluray, mono to Atmos
Magic of Analog, Vinyl, Digital and Spatial Sound
If you continue to pursue theory instead of practice and reality, you'll be among those who waste a lot of time and money.
My advice: get an inexpensive DAC, such as an SU-1/C100, D50 III, or the E70 Velvet with the AK4499EXEQ and AK4191EQ, and do some real blind tests with other DACs yourself, especially high-priced ones.
You can find music titles in high resolution for your own tests at Sound Liaison, for example.
Sound Liaison free download compare formats