If you're not careful, this is a question that might waste you years of your life LOL.
Some people swear by cables, some by 25k "audiophile" Pc's , there's different ways to go about it. Most of it does make a difference.
Just remember: for every cable that "improves" the sound, there's a box that does it much better and cheaper
I've tried for years to reconcile the two sides:
1) Head-fi mentality : more expensive is better, improvements combined with status symbols.
2) ASR mentality : Clean power or different streamers make no difference with well designed gear and people from 1) are crazy
After testing it myself for years, I've found that the truth is somewhere in the middle:
By ASR's logic, Dave is poorly designed, because clean power matters hugely, as does the source. And it's not magic or audiophile bs, it's just that Dave is very sensitive to noise, I doubt this is any different with other high end gear. Soundstage size, depth, imaging, and timbre all greatly depend on how much noise is entering Dave.
Bits are bits, but noise matters, and some say, clocks matter too. As immune to jitter as Rob claims Dave is. I have no opinion on this as I've not tested it myself. Since the SRC-DX re-clocks the USB stream when converting to SPDIF, adding a clock in front of it makes absolutely no sense. Same with the M-scaler I would say.
As much as I've tried to optimize it, the M-scaler is a noise bomb, so i got rid of it. What it does is great, but you can get a bigger improvement with Hqplayer/PGGB, imo, with a lot less noise. It's like adding another M-scaler on top of the M-scaler. Plus you have options.
I don't mean noise you can hear, but once you get rid of it, the imaging improves, the background cleans up and there is an addictive "calmness" to the sound. What people call "analogue" sounding.
There's two things I recommend you try once you get your Dave and funds allow :
A) Filter the power, it's true, Dave's PSU sucks. It's worse than TT2 most likely. Do you need to go out and buy an 8k power supply? Haven't tried it myself, but probably not.
I've started with an Isotek Sirius mains filter, moved up to an Isotek Aquarius, and the improvements with each were shocking. Tighter/deeper bass, better depth ,separation , more 3d sound, and that
addictive calmness. Stock Dave is a fatiguing wall of sound in comparison. Adding the M-scaler fatigue is much greater, even on battery.
I'm so sold on clean power being the biggest factor for improvement out of everything I've tried, that i just placed an order on an Isotek Genesis One for Dave without being able to hear or return it. Unfortunately it's still not here yet so I can't comment on it.
B1) After A is sorted, noise entering from your source (streamer, pc) will be even more apparent. You have multiple solutions here, depending on if you want to keep M-scaler or not. If you do want it...Ferrite cables/Opto-DX/battery for the M-scaler are your best bet.
B2) Intona+SRC-DX+DC-block + any pc/streamer Chord USB input does suck. I feel like this chain is amazing value. HQP+SRC-DX beats M-scaler for a lot less money imo. And this isn't a savings thing, if the new M-scaler will be better I will gladly buy it. I use my PC for the above, but there is still noise, which is why i've plugged my 1000w PC into my power conditioner. This combo everything I've ever heard from the M-scaler (on battery for noise reduction).
The Intona USB isolator is pretty amazing as well. In combination with the Audiowise DC-Blocks (block direct currents as the name implies) it's actually pretty close to what the mains conditioner does. I'm currently in the process of A/B-ing this chain vs the conditioner to see if i can get rid of it and clear some space once the Genesis One arrives.
So long story short (ish), the only improvements (Not changes, plenty of snake oil that actually makes things worse) to Dave I could reliably A/B are the ones consistent with science, not audiophile marketing.
Reduce noise into Dave and you'll be rewarded. Whether you want to go the route above, or by buying Taiko, Grimm, or other solutions, it's up to you. Just know that there are massive improvements to be had quite easily. As bittersweet as that is for a device at Dave's price. Don't let those huge price tags put you off Dave.
Once an all in one comes along that beats the
B2 chain, i'll gladly get rid of it all to reduce box count even further. I've found that the more active components you add (with their own PSU), the more noise you add. And measurements back this up.
Till then, for my headphone use, this is the best sound I've been able to get, but I'm confident the Genesis One will further improve things.