Finding the words is difficult but the CHP DAC will be less analog and less warm by comparison. Neither are bad they are just different. I personally haven't heard anything to compare the MSB sound...
Long time I did not listen these 3 masterworks and forgot how good they are.
An FPGA is a signal processor. What it actually does in a particular application depends on how it's programmed. brodericj's description in post #6 is consistent with SCAudiophile's post #16 block...
We didn't think that you were: Phillip Hagar Smith (April 29, 1905 – August 29, 1987) (RIP)
If I understand your original post you became unhappy when adding the CHP so going further into CHP doesn't seem to make sense to me. You should consider when you became unsatisfied and remove that...
MSB Reference vs CH C1.2