Huh, 20 bit DAC "only"??? That's what Schiit uses in the Yggdrasil. Gungnir is 18-bits "only". PCM63 can do up to 20bit/705.6kHz, that's what 16x oversampling means. These are real bits, not the ones claimed by Delta-Sigma architectures. It is the SPDIF intake and the digital filter in front of the PCM63 that's the bottleneck, if you swap those out with the CS8414/DF1704 upgrade kit from the Germans it shouldn't sound much worse than the Yggdrasil and comparable to the Gungnir on 24/96 material, if anything it is the ancient output stage that will hold vintage PCM63 DACs behind. The downside of the Adcom is that those chips are soldered in, so you'd have to desolder them first and put them on sockets, doable but finicky and prone to PCB damage. Parasound already has all the chips on sockets, so the swap is a 15-minute affair.
Too bad PCM63s don't support I2C, if they did a direct DIY I2C input into PCM63 would not be too big of a deal, then you could use a high-quality software-based digital filter such as those in HQPlayer or even SoX, and a DDC to feed I2C directly to PCM63s, I think the results would be magical.