Of course. SMPS actually has a lot of advantage, SMPS is basically a power regenerator. Go listen to the JBL LSR305/8, it’s an all digital design. SMPS, class D, digital crossover, DSP. It’s the greatest bargain in audio right now. The 3 series 5x305+310s simply destroys $1000 to $10,000+ audiophile setups.
There are also bad SMPS designs too, eg: Benchmark.
There are also bad SMPS designs too, eg: Benchmark.