Here is the excertpt from the service manual:
12. DAC
A BA9221 DAC is used. The DAC converts the digital waveform data from the OPS to an actual analog waveform. The amplitude scale factor of the analog waveform is controlled via SF0 ~ SF3. This signal is then fed to the sample & hold and low-pass filter circuits from which it is sent to the output terminal. A reference voltage is applied to pin 14 of the DAC. 8 reference voltages are generated by the muPD405 1, and the total level is externally
controlled.
And a fragment of the diagram:

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What do you think? Maybe this is why FM8 vsti doesn't fully capture the DX7 sound? Those who believe a DX7 is the same thing as a softsynth only crammed into a differently looking box, what do you think about it in this light?
First I learn that DX7 is not an FM synth but it uses PM synthesis and now it appears it is not digital but a hybrid.











