SRC-DX and MScaler support only PCM, because they input to the double BNC entry of your Chord.
You can input DSD (or upsampled PCM) through its USB port, but it’s not the best solution, because the USB port of Chord DACs is noisy.
Chords do not process DSD natively, they turn it into PCM internally; with the exception of the DAVE which has it’s own DSD path. However, if you use the DAVe with an MScaler than the MScaler will turn the DSD into PCM during its processing.
If DSD playback natively is important, than CHORD is not the brand to look at.
Well, if you are using HQP, then the best bet is to ask the person who wrote it and tests it, what they think is the best setting for that gear. @jussi_laako