Yes and no.
The process is not the exact same, the output signal only needs to be clocked with the usb in, because with asynch usb, it is possible to avoid reclocking. So this means lower jitter at the output of the di20 for usb. For this to be possible, the amanero usb board takes its timing from the fpga, therefore the same clock drives the usb module and the output signals. This is the best possible approach IMO for a usb to spdif/i2s converter.
With the spdif input, the signal absolutely needs reclocking. So in theory, usb will sound better. But sound quality still depends on the incoming signal quality, and i can testify that my usbridge sound better then a rpi4b+.
I did an a/b between the output of my oppo dvd drive directly to my r7he, and through the di20he. The sound quality improvement is major through the di20he. It makes home cinema (2ch only) much more enjoyable.