@atmasphere thanks for the followup and link. I read it and understand it in and of itself.
T+A previously stated that pin 1 is connected to the enclosure (chassis) and not signal ground so this would suggest that they do match the "recommended practice" in Figure 1b of the article you linked. i.e. "equipment using 3-pin, XLR-type connectors must tie pin 1 to the chassis (usually called chassis ground) -- not the audio signal ground as is most common."
So far so good. Now, that's where the article you linked stops.
T+A then said "The analog signal circuitry of the DAC200 is referenced to the analog signal ground" and that this matches figure 3 in AES48 Draft. In this figure 3, the pin 2 and pin 3 (signal circuits) are tied to the REF = "Signal Reference" which I assume is what they meant when they said "signal ground".
This is where I am having a disconnect - isn't this the same thing as when you state that pin 2 and pin 3 need to reference each other and not 'ground'?? I assume you mean chassis ground, not the REF = Signal Reference in the AES diagram.
I don't believe the DAC uses an output transformer ('The generation of the balanced audio signal is already done in digital domain - not in analog domain.') so isn't it possible that the differential circuit could legitimately push out twice voltage for balanced vs SE and still remain AES48 compliant?
Thanks for your patience and understanding, I am learning a lot.