In the days before computer playback and (later) streaming became en vogue, a lot of attention was already paid to improving digital reproduction. Accuphase, Audio Note and a whole bunch of other (high end) brands tried hard to make digital sound more like analog, with AN of course relying on tubes.
Another attempt to achieve a more analog/vinyl-like reproduction using tubes (and jitter reduction by using 1 and later even 3 custom clocks) was NoeTjoeb. I still have 3 of those modified Marantz CDPs, in various configurations.
Points of interest/determining factors:
- Type of conversion: chips, (resistor) r-2r, fpga etc.
- Over and upsampling (or not).
- Interface: usb, spdif, i2s, network etc.
- Power supply.
- Circuitry: topology, layout, manufacturing process, components,
- Philosophy: design objectives, methods, excecution.
Personally, I'd be interested to learn who's still using vintage DACs, and why.