I know my unit has 0.05db imbalance between left and right channel. If there is such imbalance in dB level, then I think there is a possibility of timing imbalance too.
0.05dB, really? You shouldn't be worried about it as your ears are in a greater imbalance. As for timing and level there is no connection. One would hope the DACs are properly clocked so there is no timing issue, I don't think there is any sort of ASRC on CS chips as there is on ESS.