Ask mix or mastering engineers if ringing and phase distortion are not that big of a deal. It’s a massive deal. Now I’m not sure the average listen can even spot either, especially without having as mental reference the appropriate sound, also I don’t think (at least I hope) neither are too bad in the case of the topping filters. Most likely they’re all decent and with some trade-offs among them. Also I invite you to spot a +- 0.3db difference at 20kHz, heck even a 1db difference. It’s not practically relevant. Now the same way add or remove a phase rotation that starts at 1kHz in something like a rock or metal song, and I’d argue even the average bear would hear a difference. I’d trade-off a bit of linearity in the frequency domain for phase linearity and clean transient any day.
Unfortunately you can’t have everything in life, there’s always a bit to trade off, even if new FIR and IIR filters are improving in design.
There is a big difference between equalizing a signal in the passband vs using a low pass reconstruction filter. Ringing and phase distortion artifacts caused by a DAC's LPF are tiny and concentrated around the band edge, where you likely don't hear anything anyway.