DSD has inherently a huge amount of high frequency noise which must be removed and contains no added audible benefit. Since PCM is what all studios use it is undoubtedly the closest and best distribution format to remain faithful to the product coming from the studios and the mastering process.That’s why I prefer to listen to PCM, through a well implemented R2R Multibit dacs.
If I had and download DSD then I would have to go to a Delta Sigma dac and take a hit on the PCM, but then there are some very expensive discrete R2R multibit dacs that can convert native dsd, one day maybe the price of these will become affordable.
One of them is here, https://forum.audiogon.com/discussions/denafrips-dac-owner-impressions-feedback-general-discussion-q...
Cheers George