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Quite a lot of people here seem to respect this product, I certainly do. It's impressive!Neither, and this is the very definition of groupthink, right here. Look up the definition.
If a resistor network is capable of passively decoding a 16/44 signal without any oversampling or noise shaping, and the rest of the product is competently designed, as is the case with the Topping and Denafrips Ares II reviewed here, tell me why a DS implementation for 16/44 is superior.
But to answer your questions
"...If a resistor network is capable of passively decoding a 16/44 signal..." "...and the rest of the product is competently designed..."
This is a very good product. Its shortcomings are almost certainly inaudible. But it does have shortcomings. The SINAD figure is artificially large since that particular measurement focuses on the max output and the lowest distortion and noise (and this DAC does well in these areas). But below max level, things aren't as good as they could be - Inter Modulation Distortion at the levels that music is recorded at is higher than has been achievable for many years and also using cheaper components. I'm sure we probably can't hear this corruption, but its presence is a fact and visible in the graphs.
The challenge is a result of requiring perfectly precise resistors. Such things don't exist. But let's say you find a set of perfect resistors. They'll only be perfect today, by tomorrow they will be slightly less perfect. In a year's time, even less perfect. If your room is cooler in the winter, they will be less perfect; if it's hotter in the summer, they will be less perfect.
This is why manufacturers moved away from resistor-based dividers - too difficult, to do well, consistently over time and temperature, economically.
"...without any oversampling or noise shaping..."
One of the really difficult things with early non-oversampling DACs was building filters that didn't mess-up the frequency response and phase in the audible domain and didn't permit Inter Modulation Distortion in the audible domain thanks to the filter not reducing artefacts above fs/2. Moving to oversampling allowed filters to be effective at cutting artefacts whilst less impactful on phase and frequency response in the audible domain. Eventually, mathematical filters became common. These are considerably better than the analogue filters associated with non-oversampled DACs.
"...tell me why a DS implementation for 16/44 is superior..."
Better linearity, less IMD across all levels, consistent from year-to-year, consistent across multiple temperatures, filters that are both effective and have minimal impact on the audible frequency response and phase.
Hope this helps.