Very interesting topic. And I’m sure all will be shocked that I have a different view than @kevn does as it relates to digital v analog. I think perhaps a more apt analogy is as follows:
1) Reading the source - in the analog realm, everything starts with accurate reading of the music as described physically in the grooves. Speed of turntable, tonearm and cartridge setup (e.g., VTA, VTF, etc.) and the stylus itself all contribute to how accurately the grooves are read. In the digital world, putting streamers aside for a moment, the comparable factors for a cd player involve the transport mechanism and the laser. In both examples, this all happens before conversion to an electrical/analog signal. Therefore accuracy is really the sole goal here. And accuracy is obviously far easier to achieve in the digital realm (which I think supports @devinplombier ’s point).
2) Conversion to electrical/anslog - here’s where it gets interesting and more challenging, and where lots of differences emerge, both in the digital and analog realms. For analog, the movement of the cantilever is converted to an electrical signal connected to the moving magnet or moving coil. And then you’ve got the gain required and RIAA conversion. Holy smokes, it’s a gd miracle! On the digital side the “electrical signal” is created by the DAC, which is why we always talk about the DAC as operating in the analog realm.
Ok, so what makes a streamer special or different from the CD transport? Absolutely nothing, and that’s the point. It’s just a different transport whose only purpose should be to read the source material accurately before it is converted to an analog signal. Just as with turntables and cd transports, streamers can do a better or worse job of adding noise (distortion), but the objective is just accuracy. There are no “musical” streamers.

