I think anyone who is stupid enough to buy something as expensive as Plenue S (myself included) would have decided to buy it based on the sound quality...
The first time I listened to the old Plenue 1, I had no idea what it was or how much it cost, but comparing all the DAPs at the shop, I said "Hey this one sounds really good!".
We can't rank DAPs based on DAC chips alone, since there are many other factors that build up the whole package, but one thing for sure is that the modern DAC chips (like AKM, ESS etc) all tend to be a very nice designer-friendly self-sufficient package with good power supply noise suppression, built-in I/V amp, etc. So it's becoming much easier for DAP makers to achieve a good measured specs. Some modern chips even have a strong headphone amp circuit built into the DAC chip.
Compared to those, the good old PCM1792A has a bit more freedom as a designer to figure out how to build everything around it to make it sound good, which requires more effort and can be a hit and miss. DAC chip doesn't necessarily decide how a DAP sounds, but it is a big factor, since many companies simply follow the "recommended" surrounding circuit design that is written on the DAC chip datasheet.