I vote DSD.
I often go to San Carlo Theater in Naples (Italy), to attend Live Performances of Opera or Classical masterpieces.
At home I hear the music from Quad Esl 63 speakers, driven by a good Onkyo amplifier.
All I can say is that DSD music is, in todo, the closest approach to what I hear from my seat in San Carlo balcony.
To me PCM music is more HiFi as opposed to what the real music sounds.