The Question being Can a Raspberry Pi be Truly a High end player is subjective to what you see ah High end player being. I have seen many subjective comments and opinions on what hight end players are and what they can do. Even the debate on Power Supplies. The notion that a quality power supply is not necessary is far from any real world experience I have. With reasons that the op amps rejections within the DAC is why. There is no DAC in the RASPI, and since I am a computer engineer with a major computer firm, I can tell you, don’t use a cheap power supply on a computer because you can’t hear the difference, use one of quality to protect the computer from damage. It is one thing to have a disposable computer for education, but another if you plan on relying on this computer for sometime.
If you download the schematics of the Raspi you will notice that the 5VDC power supply feeds your USB almost directly with the exception of a 47uF electrolytic cap with a 100n bypass cap. If the power supply is poor you will distribute that to what ever actual USB device you connect to it. Wall warts are subject to all sorts of noise and ripple. Your dish washer or washing machine might even send some nice noise down that path. This is not good for the electronics, worse for audio. In the competitive world class enterprise servers, were cost is everything, we don’t skimp on a good power supply.
All professional audio designers will tell you, “Quality of any high end sound system starts with the power supply!” From the choice of capacitors and the size to the bypass capacitors they use. I have seen so many poor amps that you can literally hear the hiss of the power supply at relatively low volumes. I have also restored many audio systems in my life and never seen a high end sound system, digital or analog with the components in a wall wart, inside their chassis. They are usually of much higher quality. Yes, you might have a DAC that can reject some noise, but how about that IV amp or the transport and clocks that are sensitive to noise.
On the digital side, the noise has major issues with system clocks, and increase Jitter and other nasty things. I personally build power supplies that have lower noise, and I CAN hear the difference. Not with some 1Khz signal, but with the detail of the sound as stated by others.
On the Raspi 5vDC, I have used that supply to power up a CM6631A (via a USB interface) with its own 3.3 voltage regulator. I took great lengths to use a very love noise regulator here, as to improve the 12 Mhz transport clock performance on the SPDIF interface. I would not feed that effort some cheap power supply, for remember that garbage in always means garbage out.
In my opinion, I do not think the Raspi has what it takes to deliver, what I think is, the best high-fi, I personally want something that will play anything I put in it, without converting it to something else. I want bit perfect, and the Raspi is a cool device, but don’t think it can handle the higher definition, uncompressed studio music, in my collection. That is why I upgraded to the cuboxI-4pro, yes it cost more, but provided more power to provide for higher res music. No, I can’t tell the difference between a saw tooth wave and sine (difference in sampling at high frequencies of 44.1-192khz). With a good two speaker system 16 bit and 24 bit changes the dynamic range enough to improve the staging and makes the music dance around the room. Of cause those who test this on a surround sound system, really don’t understand two speaker systems, or a good mono recording.
Today, I am in a video recording studio, as the SME in a video. This room has nice sound dampeners only one the wall, ironically not places for sonic characteristics, but in a nice pattern, from someone who hasn’t got a clue, but liked the way they looked. No wall warts here either, at least they have that part right.
If it sounds good to you, then it must be right for you, but if it sounds bad, you have to make it right, not for anyone else, but yourself, so keep on listening and enjoy.