Yes it is... it seems I forgot to add the usual 'competent'
Absolutely... Signal quality will be fine.
They will 'sound' good too, but so will the ones that are not considered 'transparent' they just don't measure within the 'considered transparent' performance limits.
In the last 20 years or so I have not encountered a single DAC nor amp (aside from some cheap few $ toys) that sounded bad (as in really broken) unless they were broken or not getting a good signal.
Even the ones rated poor (for whatever reason) may still 'sound' good to most people.
There may well be quite a few of them that won't measure well and may not be 'transparent' but never heard a bad amp (fortunately),
There are many amps and DACs that I have not heard or used so there might be quite a few that don't 'sound' good but I did not hear it.
If I 'listened' to 0.01% of all DACs and amps I would be really surprised.
I have heard a lot of bad 'sound' but the culprit was always the speakers (and/or locations they were used in) or headphones or them being driven by under powered (and clipping) amps or poor recordings or music I did not care for.