The measurements look excellent, as expected, but what do you think about the conclusion in the written review:
The DAC I had on hand to compare against the ADI-2 DAC FS was the substantially less expensive S.M.S.L D300, which clocks in at $399. It might seem like an inappropriate comparison at first, but it might not be unusual for a budding audio nut to step up from something like the S.M.S.L to the RME. How did the two compare? While the ever-so-slightly warmer S.M.S.L flatters my uber-high-grade recordings a bit more (Jones, Merchant, Dire Straits, et al.), the RME’s wider, more spatial soundstage gives it the edge on virtually all other source material, to say nothing of its features list.
www.soundstagehifi.com
If I've understood things correctly, Amir suggests that DACs and amplifiers with a flat frequency response between 20Hz and 20KHz and a SNR in excess of 115dB, and possibly lower, should essentially be indistinguishable from one another in a level matched, blind listening tests.
The D300 measurements look fine:
https://www.audiosciencereview.com/forum/index.php?threads/smsl-d300-review-balanced-dac.28919/
Is the added warmth of the D300 and the more spatial soundstage of the RME imagined, or is there some mechanism by which they are real traits?