I’m not entirely into the audiophile stuff, but from personal experience, you can tell the difference, last thing I tried was when I switched from Spotify to Apple Music, where the later has “lossless” option (I think even Spotify has that) but the difference was clear between the two for a streaming service, Apple one is just more clear and alive, I even opened the same song and kept switching back and forth between the apps just to make sure I’m not imagining stuff. Was it because the lossless on apple is better than the lossless on Spotify? Or something else? I don’t know.