The thing is that what’s being concentrated on here is the file format - DSD vs PCM (vs FLAC etc.) - and what the differences between the formats means to to final product, but that’s kind of like comparing the colours of the bucket carrying the content and debating what the colour of the bucket means to the final product (the audio file) rather than the content (the audio file) itself.
Surely what’s far more far more relevant is the actual content and what is done with the content?
The biggest influence on the quality of what you 're listening to is the post processing / editing / mixing of the audio and not the colour of the bucket that’s holding it and that’s where these small studios come in, they will generally have a process that is more targeted at making the best quality product rather than churning out cookie cutter blandness, think “Mama’s home made lasagne” compared to a supermarket frozen microwave lasagne…
That’s where I see the real value of these small studios is - hopefully making a great quality product which is what we audiophiles are really after…
Phil