Does good technology guarantees musicality?

Nowadays many audiophiles think that if you DIY a state-of-the-art DAC with the implementation of the right technology and with the use of the best parts money can buy, then you will automatically get a good (and musical) sounding DAC. I personally think that this way you can get a (technically) good sounding DAC, but it is still questionable if it would sound musical too. I mean technically perfect is not synonimous with musicality. Many people are able to build a technically flawless DAC, but only a few are able to build a musical sounding DAC. Do you agree with this?

Chris