I’m replying to your original post (#1) as I have my own take. My assessments follow differences in fatigue over long listening sessions. Several years ago I visited ASR regularly, but stopped upon losing faith in his methods and the general lack of relevance of his data. Once SINAD passes human perceptual thresholds, who cares?
My take is: regardless of measurements, some setups make my ears hiss or ring. Bad setups give me literal headaches. Some setups do this in a few seconds (e.g., Grado or Sennheiser out of a budget Cirrus Logic DAC). Other setups allow comfortable listening all day. Some Delta Sigma DACs that I’ve owned or demoed (i.e., AKM, ESS chipsets) have tight, bright treble and thereby emphasize small details over the music as a whole. They often give me headaches.
Fatigue is so central to my system analyses that I created a playlist that ramps up the problems through 50 tracks over 3 hours:
My Bifrost 2 and ZenDAC don’t give me headaches, and boosted the performance of every amp versus my older AKM daily driver DAC. Switching to uncompressed sources greatly reduced perceived hiss and allowed me to listen for longer with more comfort. Now, some heavily compressed source material causes headaches while uncompressed do not (e.g., same song on Amazon HD versus mediocre Youtube music).
The commonly cited electrical measurement data plus ABX testing is wrongheaded, wrongheaded, wrongheaded. Humans are animals with a performance envelope – focus on perceptual characteristics and limits. This is science.
ABX testing is akin to walking back and forth from a bright snowy day into a dark room and back out. Your brain gets slammed by the new test system and you couldn’t hear the differences due to biological overload. BUT, long duration fatigue is a reliable indicator of whether a system is minimally adequate and tolerable. AFTER you pass the potential fatigue point and habituate comfortably (e.g., 1+ hour), you can start to assess the qualities of a particular setup. Before that you are wasting you time by shocking your nerves and brain.
With experience I’ve shifted from being a “transducers first” to a “start from the source” person. Every stage will be ruined by bad upstream content or processing. Synergy is real, trial and error is necessary, and your body will change over minutes, hours, and days. Cost is becoming less and less important, as audio is an extremely mature industry. We are all just tweaking the margins. After fatigue it boils down to personal preferences, hearing sensitivities, hearing loss, and mood.