Hear, hear! An excellent, balanced response from Carlman.
A bunch of local DIYers got together and listened to a number of non-OS dacs -- DIY as well as a fully spec'd SN TubeDac+. The long and short of that session is that implementation seems like a much larger determinant to "good sound" than the chip (1543 or 1541) or filtering (compared to the host's nice Sony cdp).
I've also been tuning a number of dacs + cdps: old Philips bitstream, recent NAD 521i, Channel Islands VDA-1, classic Proceed dac. Invariably, the age of the design and technology (16 bit vs. latest 24 bit, bitstream vs. sigma-delta vs. multibit) seems to be much less of a factor vs. quality of power supply, attention to grounding, and component in critical sections.
Right now, my preference for the various units is:
1) VDA-1
2) My non-OS parallel TDA1543A dac (battery powered)
2) Philips CD750 (budget SAA7350 bitstream dac)
4) NAD 521i (PCM1710 budget 20-bit dac)
5) Proceed PDP-2 (PCM58)
All units have been modded. In the end, implementation is very important (the VDA-1 was always the best sounding, even before mods), but modest budget technology like the old Philips bitstream has very surprising potential.