Many years ago, when I got my Auralic Aries streamer, it sounded better than my modded laptop, but not night & day better. I decided to try an experiment.
The stock DC umbilical cord to the factory LPS looked really cheap and flimsy. I DIY’d a new DC umbilical cord out of 20 awg pure OCC copper solid core wiring. Huh! You got to be kidding me! The same streamer sounded much, much better. Totally leaving the modded laptop in the dust. Later, I replaced the factory LPS with a more powerful after-market low noise LPS. Another substantial jump in sound quality. The sound quality jumped again when I plugged the streamer's LPS into a power conditioner. This totally disproved the theory that it’s only 1’s & 0’s. Of course, a high-quality, well-designed streamer with all the tweaks built-in is going to cost more.
As @sns pointed out, those who already own expensive streamers don’t regress back down the food chain. They only go up. If the budget allows, it’s worth it.
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BTW, I don’t use a waveform monitor to listen. My ears do that. They know what a piano sounds like. I listen to a real one often.