PS: Just did some digging on this, and I discovered something interesting...
At Long Last! Listen To Your SACDs Through an Outboard DAC George Graves When Sony/Phillips Announced their new Super Audio CD format (SACD) in 1999/2000, Sony opened a marketing office in NYC to advertise and promote the new format. They reached out to a number of audio writers (including, yours...
audiophilestyle.com
If you have a DAC that can accept HDMI input AND can convert the 2/2.8Mhz DSD stream, you can have what you're looking for instead of settling for a converted (24/96x2 or 24/192x5.1) signal.