I can understand where your thinking is coming from. Yes, the signal is reclocked, AND replaced with a high-quality, very clean, low-noise power supply behind it. The Gungnir also reclocks the incoming data signal with the Adapticlock clock analysis and regeneration system which reclokcs and lowers jitter according to Schiit: "
Adapticlock™: Unique Clock Analysis and Regeneration
Both versions of Gungnir include our proprietary Adapticlock system, which provides for both exceptional jitter performance and rock-solid, glitch-free connectivity. Adapticlock analyzes the incoming signal quality and automatically routes it to the best clock regeneration system—either VCXO or VCO-based. And, it does all of this without altering the bit depth or sample rate of your original music."
So, according to your logic, WYRD shouldn't improve the sound quality because the signal is already being reclocked by Gungnir?
I don't want to say your wrong, or I'm right, all I know is, the WYRD improves upon the Gungnir's jitter-reduction/reclocking with the Adapticlock system.
If you look into Theta Digital's Timebase Linque Conditioner (TLC), which was a product Theta Digital produced in the 90's, many audiophile associates of mine were using multiple TLCs back-to-back and having improved sound quality. I think the real question to look into, is, why does data jitter lower sound quality, and how do we lower data jitter in the first place?
ALSO, the Theta TLC had a high-current power supply option, which was around $200 more, which was in addition to the TLC's retail price of around $200 at the time. THAT high-current power supply made the improvements to sound quality with the TLC MUCH MUCH greater! In my system, the TLC made an amazing improvement in sound quality, which is similar to what I hear with WYRD. The high-current power supply option added to my TLC made the improvement VERY SUBSTANTIAL in every aspect of sound reproduction. The TLC was only a SPDIF-based interface, SPDIF in, SPDIF out.