Lets assume your moon dac is fully asynchronous. Which means even when it’s slaved to your cd transport via coax cable and the transport is the master clock, the moon will reclock the signal with the final result will be based on its internal clock.
Based on my experience with several DACs, some claiming to be immune to jitter, the quality of the signal fed to the DAC always matters and makes a difference in sound. Using USB allows for DAC clock priority and yet cables still matter and transports/streamers matter as well.
A golden rule of GIGO (garbage in garbage out) applies in audio every time, analog or digital. There’s no magic bullet.
And to your streaming sounding worse than CD - that’s most likely because your network set up can probably use an improvement. When you optimize streaming it will sound comparable if not better than CD. That could be a topic for the next thread you start.

