Yes, i do. this is why i added the "also" in my comment.
As i see it, if one format is superior to another then converting from the inferior format to the superior should result in the same SQ, consistently, all the time.
And it is easy to test.
If the superior format were perfect, your conclusion would be logical. However, none of the formats being discussed are perfect. In particular, DSD has noise issues while PCM has sampling rate related issues. These amount to different distortions and when converting between formats one gets the worst aspects of both formats. (This would be true even if one used the best possible conversion.)
In particular, although most people believe that 44/16 is lower resolution than 2822400/1, it is not possible to take a 44/16 file, convert it to 2822400/1 and then convert it back to 44/16 and get the same file as originally. It might be possible to get a perfect null on (some) 44/16 files when converting 44/16 to DXD and back to 44/16. It is definitely possible to convert 44/16 to 44/24 to 44/16 and get a perfect null, although this requires special settings (disable dithering) for the last conversion that would normally not be used if the 44/24 file had originally been a 24 bit file.
Digital audio, as a digital process, depends on non-linear behavior. This is what keeps 0's 0 and 1's 1. Unfortunately, non-linear behavior is very difficult to model mathematically and intuition associated with linear systems can lead to incorrect conclusions.