Thanks muralman, I really appreciate it. If I want abuse I can always talk to my teens...
Regarding NOS DACs, it is
very challenging technically to produce a high-precision DAC that is not of the over-sampled (delta-sigma) variety. Element matching is a b* -- err, PAIN! -- and there are other technical issues. It is much easier to realize a high-precision delta-sigma (oversampling) DAC, and it's worth noting that virtually everything complex in that type of DAC (OS) is digital -- the output can be a very simple one-bit (comparator) cell. In contrast, a 16-bit analog DAC must match some number of cells with very high precision to realize 1 part in 65,536 error. When you consider typical process variation is around 1 %, with 0.1 % achievable with selection and trimming, then it is clear that getting 1/65536 = 0.0015% (16-bit) matching is pretty durn hard! Even discrete components are only good to about 0.1 - 0.05% and you will pay plenty for those. A lot of TLC goes into achieving 16-bit precision, let alone 24; thus, their high cost.
Another issue is the output filters -- it is very difficult to create a DAC that does not generate wideband noise when it switches, and the output filter needed to suppress that noise is also very difficult to realize. De-glitching circuits exist but are also difficult to implement as they must have high (e.g. 16-bit) precision (accuracy, noise level, etc.) Oversampling makes it much, much easier as the output filter can be much lower order (much simpler) and thus has much less impact in the audio band.
These are fundamental physical limitations not easy to get around, making any true 16-bit (or higher) NOS DAC a very expensive proposition*. Orders of magnitude more difficult and more expensive to develop, produce, and test than OS DACs. Oversampling solves these issues at the cost of others, including more digital complexity (but, digital ICs are cheap!) and potentially greater wideband noise and switching transients.
I find it very interesting you like your class-D amps with your Apogees; that is not a combination I would have ever guessed! I have some theories why that may be but they are best left for now. I would love to hear your system someday.
HTH - Don
* As a point of interest, several years ago I designed a custom 16-bit NOS DAC for a customer of the company I worked for (bad English, sorry). It worked very well, settled to < 1 lsb in about 35 ns (that is very fast), and had excellent linearity and noise. It could also be clocked up to around 1 GS/s. It cost nearly $1k each due to the NRE (non-recurring engineering) and extensive production trim and test time (about 10x the next nearest DAC in our catalog). Took about two years and perhaps 4 - 6 manyears to develop. A manufacturer will probably double (at least) the cost to the customer, so you can see it would be pricey... Because the production cost was almost all in the test time, an audio converter would not have been much cheaper, though I would have made design trades for a slower part that would have simplified that. Even so, modern delta-sigma (DS, oversampling) DACs are in the few dollar (USD) range for a good 16- to 24-bit DAC. Hard to compete with those numbers...