Technology Connections made a fantastic video explaining the mathematics behind DACs:
Signal to Noise greater 90dB is more than good enough (Vinyl is 50-ish dB, typical CDs are in the 90s dB range).
I don’t think I ever saw measurements of DACs that are actually useful (outside of Spec Sheets from the DAC chip manufacturers that have loads of graphs instead of single numbers…)
Some things you could measure (by no means complete):
There is a minimum BOM cost to reach a given quality. It is not just the DAC chip, but the supporting components for power supply, filters, etc. The cost can only go so low before cutting corners.
Same for size. A properly designed circuit board can also only get so small (or large) before compromising isolation, signal integrity, etc.
You would be surprised what tiny differences humans can detect reliably.
Everything the signal touches or passes through matters. The extent to which it is important to you, is up to you.
Feature Count ≠ Quality