...As far as “best” protocol/transport goes, it is the one with lowest jitter (assuming proper execution of each), which is AES3 standard IEC 60958 Type I – 3 conductors, 110-ohm, XLR terminated...
Interestingly, we hear from some very well respected engineers that the AES/EBU interface is actually
worse than single-conductor S/PDIF. For instance, Sean Adams at Logitech/SlimDevices and Pat at Analog Research Technology (both lead engineers) are each on record stating this.
I think it is more about the output stages of DACs that we are mostly hearing as differences, and not the vanishingly tiny differences (if any) in internal jitter audibility between these modern units. Modern ic opamps are much better than they once used to be. For instance the newer LM4562's used in the DAC1 USB (and also now used throughout the analog stage of the upgraded new DAC1 PRE) are definitely no slouch, that's for sure! The discrete stages in the Bryston are also fantastic.
A DAC should "perform" exactly the same regardless of what you feed it - it should be able to handle and faithfully reproduce what it receives. If you give it low-quality MP3, it should reproduce the sound of low-quality MP3. Feed it good hi-res signal, it should reproduce that signal in all its fidelity with no losses. Garbage-in, garbage-out, etc. Voicing of the equipment also clearly adds to the character, as another contributing element.
There are too many variables in a particular system and installation to try to control and worry about them all, and for that matter, not all the variables are well understood or even known. The best approach IMO is to try different gear in your own real-world system and see what, to you, appears to work best in your setup. "Best" is ideally about convenience, features, subjectively perceived sonic advantages, compatibility, longevity, warranty, etc. It is NOT about worrying how different pieces would sound in some elusive hypothetical "optimal" system that nobody actually has, or possibly does not even exist.
For instance, I have some high-horse audio acquaintances that will simply refuse to listen to a system that contains any piece not meeting their snobby approval of its measurements or design. Boy, are they ever missing a lot! Most interestingly, some pieces that such people consider "inferior" actually sound better than their snobby gear. But will they ever admit or recognize this? No way! They are too busy worrying about how they think things should be, rather than how they actually are.
