@retiredaudioguy
My virtual system is so virtual I have not recorded it here
. I suppose I should, because it is very different from usual North American practice!
In my real main system, my DAC function is provided by a Marantz AV8802 pre-processor which contains eight 2-channel AKM dacs. These natively process Direct Stream Digital (DSD) for a total of 16-channels. Of these, I use nine when supported by the source, such as immersive disks from 2L - the Nordic Sound. (Not available from Presto
).
My HDMI cables are only used for HDMI
in accordance with their design goals.
I know this will be controversial, but I see no point in using IIS (I2S) over any sort of cable, except to avoid HDMI licence fees. The HDMI fee structure does favour big manufacturers, so I can understand why small manufacturers look for alternatives. But I2S was designed to connect two chips on a circuit board, and the clock signal attenuates and smears when sent over a cable.
I always listen to SACD (mainly classical) in multi-channel mode, unless it is a rare 2-channel disk. Same for Pure Audio Blu-ray. I don't think streaming has got there yet.
In my opinion, there is no point comparing DSD and PCM in terms of equivalent bits and rates - they use bits completely differently. I don't think any dac handling PCM actually gets close to 24-bit resolution. DSD is much simpler for dacs to implement.
Having said that, I know many classical SACDs are recorded in high resolution PCM for easy of editing before being converted to DSD for delivery.
Caveat: None of my comments apply to pop/rock multi-miked recordings where mixing is performed post-performance.