I have a different angle on this topic. I have the Audio Note DAC5 and have had several top DSD dacs and high rez PCM dacs in my system as well.
The DAC5 is a NOS dac and can take up to 24/192 with the latest receiver chip. My finding is that on redbook or natively recorded higher rez it is superior to any oversampling dac I have encountered. DSD natively recorded has a the edge as well over oversampling dacs but the DAC5 is simply much more magical on redbook vs redbook through the DSD dac.
Native DSD has a lot going for it and I feel it also sounds free of the OS artifacts but I have not encountered a DSD dac that competes with the DAC5 or the "Killer Dac"
Every oversampling dac I have heard has some artifact that I hear now that I have heard the NOS multibit and DSD dac's .
My observation is that NOS 16/44 is enough to give goosebumps in the best of systems and natively recorded 24/96 through a NOS dac has slightly more air and natural shimmer but only the slightest amount. It is very probable that the people who find the big benefits from native high rez are benefiting from lower levels of oversampling happening.
The DAC5 is a NOS dac and can take up to 24/192 with the latest receiver chip. My finding is that on redbook or natively recorded higher rez it is superior to any oversampling dac I have encountered. DSD natively recorded has a the edge as well over oversampling dacs but the DAC5 is simply much more magical on redbook vs redbook through the DSD dac.
Native DSD has a lot going for it and I feel it also sounds free of the OS artifacts but I have not encountered a DSD dac that competes with the DAC5 or the "Killer Dac"
Every oversampling dac I have heard has some artifact that I hear now that I have heard the NOS multibit and DSD dac's .
My observation is that NOS 16/44 is enough to give goosebumps in the best of systems and natively recorded 24/96 through a NOS dac has slightly more air and natural shimmer but only the slightest amount. It is very probable that the people who find the big benefits from native high rez are benefiting from lower levels of oversampling happening.