I think your analogy is pretty good about chefs and how they tweak thing. But it does beg the question as to whether we want perfection or just what’s to our taste.
Ultimately the limit is the recording. And no cable, amplifier, speaker or DAC can be any better than the recording itself. They may change the sound of the recording, but they can’t fix it.
As to your last point, While you can measure a lot about sound, you can't measure what you hear, so it leads to a lot of subjectivity (and arguments). I have a setup that I love, but there are some days when it doesn't sound quite right. Nothing has really changed except my brain. So that's why I'd rather spend money on music rather than trying to change phantoms in my equipment.

