what Jeff said .
But I will take it a step beyond.
My personal dacs are all except for one zero oversampling multibit dacs with a current output to a passive IV stage and 1:1 transformer coupling.
The other is a 4X oversampling dac but the output section is as above.
I have and have had many dac chips (Burr-Brown,Analog Devices,Cirrus Logic,but no AKM or Phillips) through my doors and in direct comparison with the same type of output sections I prefer the R2R multibit chips.
The more advanced the chips get it seems the less good they sound and my personal theory is they are crammed with too many features and where you could once design for a specific section you now can only tweek around the chip itself.
Input receiver,digital filter,oversampling,dac,output amp = all included in the chip !
what does that leave the designer other than the power supply, layout scheme and I/O interfacing ?
Maybe work on the master clock but again not much else beyond interfacing the "black box" that is the modern dac chip.Kinda makes everyone able to whip out a design and maybe that is why we see so many cheap DVD players.
It's easy !
It also comes down to personal taste and what your idea of what sounds good is .
If you come from an analog background of vinyl and magnetic tape you will most often prefer the relaxed sound and apparent low level detail of the R2R chips but if you come from the digital age and that is the only sound you know then you like the apparent gobs of sharply etched detail that is thrown at you by the newer chips.They have more "zing" and are more in your face.
So individual taste and what
you think sounds like the real thingdetermines what type of chip you think is the more accurate.
I will still take viny first though but that is a fight for another day