Hi @facten
I’m not @classicrockfan but I have a similar experience.
I had in my system Chord Qutest for many years. This May I bought an SMSL DO300EX built on the AKM 4499 chip. This DAC looks like a toy relatively to Hi End DAC but it sounds better in every way than Chord Qutest that cost 3 times more.SMSL noticeably more resolving, play sophisticated music, less congestion and sounds much less clinical and "digital". It also has 6 DSP filter modes. One of them "super slow" is actually NOS (not oversampling) mode like in some 2R2 DACs. The "super slow" mode is my favorite in this DAC. It sounds most analogue and natural without digital glare.
I asked myself a question "how can it happen?".
Look at this: https://www.power-and-beyond.com/pcb-manufacturing-these-are-the-biggest-players-a-c38499760ae9053b34d796adf3d0746f/
Where is most PCB manufacturing today?
SMSL is a mass market producer. It uses the latest PCB and switching power supply technologies that China has today. The same technologies used for high speed communication. Western audiophile garage companies can’t compete with SMSL in PCB design. OK, they can use better quality capacitors and other parts, heavy aluminium chassis. But all this increases the final cost of the product and in result you pay in number times more.
Why western DAC built on the same AKM4499 chip with solid state output buffer have an order of magnitude worse distortions? Do these distortions make sound better?