Hi:
Depend.
When you close your eyes (blind test), almost all sound equal.
So, your question lose a practical ask.
But:
Today almost all chips are delta/sigma, and the difference between diferents grades are minimun.
Regardelees of this, exist expensive multibit chips that outperform almost all D/S chips. In general they are inferior in marketing marks (24/192 style), but they can measure (and maybe sound), better.
In other latitude; expensive gear with "old" chips can be better, for the simple reason that they are better engineered.
I can say that the digital technology can be cheap and good sounding, but you never can forget the most basic: Good analog circuits. (most of new cheap products maked as 24/192 have horrible analog design!!!!!!)
.....For me, good gear, regardeless how is marked.
Best regards
Juan Ignacio.