A USB Audio device, whether it's a USB DAC, USB SPDIF, or even the USB Headphones all share the same solution using the USB isochronous transfers. Where I mentioned USB DAC, your an swap it with the USB SPDIF in my previous post.
You are making an incorrect assumption that USB SPDIF converters have better oscillators than a sound card. The ESI Juli card has the two key clock oscillators that are a multiple of the 44.1 and 48khz. Any good asynchronous USB SPDIF(or usb dac, cd, hdmi, etc) will also have a similar solution.
Ignoring the impact (if any) the chipset can cause with USB when compared to PCI/PCIe, and also ignoring any issues with USB cables, USB drivers (if custom), the additional power supply for the USB SPDIF device, etc, the flow is really similar between a sound card and a usb spdif device. The application has to convert the file to a PCM stream and then deliver to the buffer of the sound card or usb spdif device, which eventually is clocked out on the SPDIF outputs and the jitter begins. Clock oscillators, impedance, isolation, etc impact the quality, and now the tradeoffs can be debated from the same starting point.
BDP, as a computer, shines here with all the Bryston's customizations to the power supply, spdif outputs on the sound card, OS configuration, etc, and all without the need of a USB cable, external USB SPDIF convert and the additional power supply. Anyone into computer audio will be working through the same issues for either solution as you are aware. So to me the USB SPDIF device just increase the complexity unnecessary if you have a spare PCIe slot and if you can find a good sound card, computer and power supply, I would definitely consider that route first.
Jim