I only stream (local and Qobuz/Tidal).
3 years ago I embarked on the mission to make it sound indistinguishable from an Esoteric transport I have access too, playing SACDs.
I forgot what I knew about power, electronics and network, and simply tested everything I could (It was a lot, as I have friends who are Hi Fi dealers and do a lot of trade ins). Now I reached a level that on most cases, I cannot distinguish between the Esoteric SACD, local files and streaming. If it helps, this is my current set up:
1) Inverse EtherRegen with external LPSU to convert ethernet to single mode, low loss optical fiber, using Finisar SFP.
2) SOtM switch with external LPS and fed with Mutec clock and Finisar SFP
3) Telegartner Switch with Initio LPS
4) Melco N1 (Streamer/end point / NAS), using another Finisar SFP, and fed by Mutec clock and USB output to DDC.
5) NUC with ROCK (Core) with LPS and connected to the SOtM swith through low loss fiber, LPS for the converter and Finisar SFPs
6) From the USB output of the Melco, go to Audio-GD 2120HE DDC (Digital to digital converter), feb by the Mutec clock, output in I2S
7) R2R DAC Audio-GD R7Mk3, also fed by the Mutec clock and the I2S.
Interconnects by Tubulus Concentus (Clock, I2S, USB, XLR).
You may say I spent $30K building this network, and they would be correct. OTOH, I tested several +30K USD DACs in my network without the expensive switches and clock, and the $4K DAC with my network is scarily very very close. So there you go. Spend $30K on your network, and enjoy all the streaming. Spend +$30K on a DAC (that will be outdated in a couple years). Spend $30K on a super high end transport, and have to buy CDs from now on.
I don't mean this is the ultimate network, but it is what worked the best sound for me, so far. I am very happy I spent the money on the network, improving step by step, not all at once. Added bonus: The NUC after going thru the fiber and the two switches, is finally able to up-sample (Roon DSP) without generating noise, hence actually improving the sound quality of the system. The DAC just plays in NOS mode. Beautiful!
For reference the rest of my system is and integrated Absolare Signature, Magico A5 speakers, MIT speaker cable and soon upgrading to Crystal power cables.