DAC - Opinion needed

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I'm using RS423'ed I2S as well, but I only needed one hole for a 9 pin d-type socket.
I'm sure SPDIF can be implemented well, but it is a further coding conversion method that can be made redundant, so why not as there is a risk it can impact the signal quality?
It also makes my DAC simpler, as I don't have to worry about implementing an SPDIF receiver.
 
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