I couldn't agree more with your comments.
Although I am no longer an "analogue guy", I understand the desire of those who are, to reference the Select II to the best of Analogue rigs.
My own perspective of this, even as it pertains to Mike's incredible system, is that the variables for such a comparison are so many, that it is difficult to reach a conclusion of direct comparison.
First of course, is the media. Having been a vinyl guy in my prior years, there is no doubt in my mind, that in many if not most cases in the past, better care and mastering to vinyl compared to CD was the rule, not the exception. Many of our older CDs which we considered good, were not so much planned that way, but luckily mastered properly. Of course, like Vinyl, those of us in the digital world have seen the resurrection of some of these poorly recorded CDs in the form of "high res" remasters that often suck as well. "High res" is no panacea for GOOD. I'm not saying that there are no good digital recordings, just that differences exist. On newer recordings, we are indeed witnessing better and better recording and mastering techniques, closing if not eliminating or surpassing the gap. The point being is the actual media needs to be as close to each other as possible before you even start.
Second of course, is a system setup. Mike brings up the point of wanting to compare the renderer to the USB input on the Select II as do I. Right now I have found, given the products available to me, that the new ultraRendu/LPS-1 combination being fed by a computer isolated on my network is superior to any other setup/player I have tried (& I have tried ROON, JRiver, HQPlayer, servers with linear power supplies with JCAT and SOTM USB cards, microRendu and all the combinations you can muster of these variables).
Lastly is how the DAC is installed in the system. MSB "recommends" going direct into the amp, whereas some like Mike for many reasons are choosing to go through a different pre stage. I cannot comment on behalf of Mike as I have not heard his system but understand how awesome of a system including his preamp, but for me, comparing the Select II direct to my amp versus going through my awesome REF10 was a no brainer. I would never have believed the "hype" before I tried it and never really thought the pre stage of the Select II would outperform the REF10 but it did and the REF10 has been sold to a lucky person in North FL who is an analogue guy.
So where does that leave me/us. I'm not sure but all I can say is I'm loving my system like I have never enjoyed it before, look forward to the new renderer to see if it can "beat" my current USB setup and am not looking back or elsewhere; at least for the time being!