What IS multibit? What does it mean, technically? How does it differ from delta-sigma? And what does delta-sigma mean too, while we're at it?
I'm going to take a stab at this. This will be simplified and probably get some details wrong. But the basic ideas should be correct.
In a multi-bit D/A converter, each bit, in each input word is directly converted to an output voltage. So, with a 16 bit word input (like from CDs or similar files) each of the 16 bits is used directly. 16 bits gives us 65536 values and these are converted directly to output Voltage. So the middle value of a 16 bit word would be approximately 32,000 and the top value approximately 65,000.
Inside the D/A converter there is normally a resistor the corresponds to the value of each bit in the word. Which means that the biggest resistor is approximately 32,000 times the value of the smallest resistor. Each resistor represents one of the bits in the word, so each resistor is half the value of it's bigger neighbor like 1, 2, 4, 8, 16, 32, 64 .... 32678 .
As I understand it, getting these resistor values to be precise is very difficult. This (and probably many other reasons) led to the development of "1 bit" D/A converters. A 1 bit D/A only has one resistor. The smallest one with the value of 1. This is what Delta Sigma is: Using a single element, or a small number of elements, to add or subtract from the signal as it goes along. Think of Delta Sigma as a piece of chalk moving across a chalk board that's going to sketch a waveform. At each increment across the board, the chalk can move across a bit and UP one value, or across a bit and DOWN one value. To go all the way to the top, it gets to UP, UP, UP, UP until it reaches the desired value at the top. This all happens much, much faster than the word rate of a multi-bit converter. Because it's moving in small increments it has to move much faster.
So how in the world does a 16 bit word get turned into a bunch of instructions that say "up" or "down" thousands of times? Through math that converts one to another. Math that is NOT REVERSIBLE. Which means that when you convert your 16 bit words into Delta/Sigma, you lose something. Because you can't reverse the process and go back to your 16 bit words. Something was lost in translation from MB to D/S.
I'm told that modern D/S DACs use more than 1 bit internally. 4 or 5 bits perhaps. Again, this transformation from mutli-bit to D/S is not reversible.
In summary: In a multi-bit DAC, the input words (16 bits for example) are fed directly to the electronics of the DAC and are used to derive the output voltage and waveform. In a D/S DAC, the words are "sliced and diced" into another form to make a signal of "add one" or "subtract one", and this signal is used to construct the output waveform. They are not equivalent.
There's another huge consideration here though: The Schiit megacombo-burrito filter. It's responsible for another conversion that's important in an audio DAC, and is separate from the above discussion. There *are* other multi-bit DACs on the market. But none of them have the Schiit filter.
Brian.