If your DAC is competent then the result is as expected just as expected as the pages of posts trying to explain away what is the simple conclusion.
I question the Nagra implementation and conclusions on the analog side wrt it being the purest implementation as evidenced by the distortion spec, but it is more than low enough not to be a concern. Digitally the architecture seems sound so why would there be a difference? If there was a difference that means the DAC is inherently flawed. Why do so many people want to jump to the conclusion that your DAC is inherently flawed I have no idea.
@yyzsantabarbara I used to have a couple of MicroRendu. They are electrically noisy. I got rid of them because it just didn't seem worth the effort and I ended up changing the architecture of my system anyway. I saw ASR did some tests later that they are sensitive to the power supply. I would have ended up getting rid of them anyways because the firmware did not support any form of time synchronization between multiple units which I needed. However I was disappointed because I was really hoping they would have worked out.

