I also ripped a DVD-Audio disc and played it via Roon and this is what I see for signal path. Why is this not considered High Quality? I could not find any definitive criteria when Roon decides that a signal path is high quality.
Lossless is best quality; it is bit-perfect. In contrast, High Quality has undergone some form of Digital Signal Processing (DSP), i.e. DSD to PCM conversion. I don’t believe the Meridian Explorer supports DSD, which is why Roon is converting the signal to PCM.
Those questions can only be answered by you. Different people prefer different sounds. I know people who don’t want any conversion and those who prefer the sound of DSD files converted to PCM. Depends on the person, the DAC, the AMP, and the speakers in question.
I found that unless I got a good DSD focused DAC, meaning it did not really do PCM well, I prefered letting Roon convert to PCM. I didn’t get such a DAC because they started in the mid $X,xxx.
I agree with @Rugby. Personally, I dislike DSP and think it creates an artificial sound … but others clearly like it. I think it all depends on your setup. I let my Chord 2Qute do the magic.