It would stand to reason that the streaming client solution built in (fed by Ethernet with good hygiene) would have every advantage over an outboard streamer - would it not?
If I am interpreting your statement properly, not necessarily. It depends on how much and what kind of noise the “streaming client solution built-in” is generating, what measures are taken to isolate that noise between sections and functions, and how any noise generated might be affecting the analog circuits in the built in DAC.
On the other hand, physically separating electrical and EMR noise from the streamer function to a separate box then requires cables and cable connections that could expose the signal to every insult in the electrical environment between the separate streamer and the DAC, and also adds the potential for interacting with and degrading low level analog signals in adjacent cables.
This all comes down to design and implementation to reduce noise inside the all-in-one server/DAC solution. If the one box solution sounds better to you, the design and implementation were successful at mitigating noise. If not, it was less successful than a separate box plus cable(s) solution (in your rack at least).
So physically isolating the streamer in another box can reduce problems with EMR affecting analog circuits in the DAC output stages compared with a combined solution, but opens the streamer/DAC connection to electrical noise associated with external cabling. Why better cables can sound better in many instances, and even, or especially, better digital cables can sound better. It’s not the 1s and 0s, it’s the noise…
kn

