Very well observed.
It is why it is preposterous to speak about the best dac in general...
The best dac for which System/room/ears synergy is the right question, and the best dac for the S.Q. /price ratio is the second right question...
I don’t have experience with the other two, but I preferred several cheaper “Chi-Fi” DACs to the Chord Qutest. These days I put my money into speakers and speaker drivers where it really counts. I chuckle when I see a guy investing $4K+ into a DAC when his speakers are equipped with $100/each drivers. It’s akin to putting 93 octane fuel into a minivan with all season tires.