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Great write up seems like a fantastic dac.
I love the Marantz AV7005 and believe it offers outstanding performance HOWEVER I think you might be doing the Nad a deservice by feeding a $2k dac into a $1700 home theater preamp.
The particular problem for me is that the signal from the Nad has to run through the ADC first,then the dsp then the DAC in the Av7005.Ultimately you're reviewing the dac in the Marantz AV7005!!
I realize that you used the pure direct mode but it is not analogue pass through in this receiver.
Would it be possible to evaluate the Nad dac with the signal DIRECTLY connnected to your amp? That's the whole point of having the volume control feature in the dac.