@verdantaudio A belief that off the shelf chips are inferior is literal madness to me. You have a team of engineers working to produce a chip. R2R is driven by QC and what you spend on the resistor ladder (why MSB and Rockna are so good) vs FPGA where you probably have one guy designing the chip. Just fine when that person is Andreas Koch, Nicloae Jitaru or Rob Watts, but I would not have faith that any FPGA delta sigma will perform as well as any chip based delta sigma without knowing who the designer is.
The real issue with off the shelf chips is the perception that "newer is always better" so when a new chip comes out, a DAC is perceived as inferior if it doesn't have that latest, greatest chip. R2R DACs and FPGA DACs are immune to this due to the lack of simple comparability.
So much truth written there. You and @chayro are spot on. too much obsession with chips vs R2R or what chipset is utilized. I do believe that the execution of the
1 Analog output stage layout and quality
2 I/V conversion
3 Power supply quality and robustness.
In my opinion these 3 areas very likely influence the sound quality of a DAC more profoundly than chipset selection.
Charles