Actually my opinion is that Mojo sounds very much better than any DAC at any price point; but of course that is my subjective opinion, no matter how rigorous my subjective evaluations are. I have had some of Mojo's competitors at my home, and was shocked at how badly they perform sonically; but at the end of the day, that's just my personal opinion.
But as regards measurements no you are incorrect - the key measurement that Mojo has over all other DAC's is lack of noise floor modulation, and this is - again in my opinion - highly audible.
The red trace (no signal) has the exactly the same noise floor as the blue trace (2.5v RMS into 300 ohm load). This performance is unmatched by any other DAC at any price point; all other non Chord DAC's have the 2.5v noise floor at best at around -150dB - and some have even more noise floor modulation.
Mojo's unique performance is not limited to noise floor modulation - it will resolve small signals to a much better accuracy than all other DAC's - it will resolve a -120 dB signal with no measurable amplitude error - and no other DAC, at any price point, can do that. Small signal accuracy is essential for detail resolution and depth perception.
Of course any follower of this thread will know that the other feature - that is unique to my DAC's - is the interpolation filter. Conventional interpolation filters are poor, and have substantial timing errors when they come to reconstruct transients. Timing is a crucial perceptual cue, being used by the brain for soundstage, timbre, and pitch (particularly bass) perception; and because Mojo employs 44 DSP cores running in parallel, and has about 500 times more processing power than all other chip DAC's, it is able to do a much more accurate job of reconstructing the timing of transients for the original analogue signal.
So when I get to hear other DAC's, they sound flat (poor soundstage due to poor ability to resolve small signals), they sound hard, bright and fatiguing (exactly due from listening tests of noise floor modulation and confirmed by their poor measurements) and they have bad timbre reproduction and soft ill defined bass (due to the timing errors from low tap length interpolation filters).
There is no magic or hype associated with this; it's all down to decades of solid research and advanced engineering; all of the above effects are verifiable by measurement, and IMHO easily audible.