@Frunse:
Regarding your core question - if I understood it corrrectly -
Black Lion clock on the Word Clock input of MUTEC MC-4 ahead of the HDSPe AES.
The HDSPe AES uses RME's SteadyClock technology, specified at >50 dB jitter suppression at 2.4 kHz (see section 26.3 of the technical specs). That's the same published figure as RME's reference converter, e.g. the ADI-2 Pro FS R BE.
RME's own measurements show this isn't just a theoretical figure: they tested it with input signals carrying deliberately injected jitter of up to 500 ns, far beyond anything a real-world clock source would ever produce, and demonstrated the resulting jitter compression.
See this RME video on SteadyClock FS:
https://www.youtube.com/watch?v=Ti0aHW-zYcs
We don't actually know the self-jitter figures of the HDSPe AES's own circuitry or of the Black Lion clock in any comparable, apples-to-apples way; isolated picosecond specs from different manufacturers, measured under different conditions, are not directly comparable.
What we do have is RME's own jitter suppression and THD+N data, which gives good reason to trust that this part of the chain is handled very well already.
Given that the jump from the original ADI-2 Pro to the FS version, roughly a 20 dB improvement in jitter suppression, is widely reported by users as not producing an audible difference, it's hard to make the case that an external clock (here Black Lion) would move the needle further upstream of that.
So feeding a very low-jitter external clock into the HDSPe AES's Word Clock input is unlikely to make any measurable or audible difference at the end of the chain, since the card already handles that task to a standard that's apparently already beyond the threshold of audibility.
For the MUTEC MC-4, it depends on what you actually need it for:
As a reclocker ahead of the HDSPe AES: same reasoning applies, the card downstream (HDSPe AES) already does that job.
As a format converter, if your sources use different digital formats (PC, TV, streaming box) and sample rates. That's a genuinely useful role. Its internal clock is sufficient for that purpose.
As a sample rate converter, if you want to unify everything to one sample rate: that's a fair reason to use it. But worth noting that upsampling is purely digital number-crunching, interpolating new sample values from existing ones. There's no waveform yet at this stage, so clock quality doesn't affect the calculated result. The MC-4's internal clock is entirely sufficient; an external clock (-> Black Lion) adds nothing here. And whatever comes out of that step gets reclocked again by the HDSPe AES afterward anyway.
Whilst jitter suppression in the digital domain is certainly important if any AD or DA converters are connected to these devices, it is most crucial at the point where AD and DA conversion takes place. Here, the HDSPe AES in front of the DAC stage in your setup delivers excellent performance in terms of jitter suppression, and the use of RME Reference converters with SteadyClock FS/EX would go one step further by incorporating the internal clock.
That said, the jump from the standard ADI-2 Pro to the FS version, despite the measurable jitter improvement, was not reported as audible by users, so even that edge appears to be more of a measurable refinement than something you'd actually hear.
Bottom line: Comparing picosecond self-jitter specs across manufacturers is not meaningful without a common, comparable measurement basis. RME's SteadyClock FS technology delivers jitter suppression that is measurable but, by available reports, not audible. My recommendation: trust that and avoid overcomplicating the setup. The MC-4 makes sense if you want to consolidate everything to AES and a single sample rate, that's its real value here. The Black Lion Word Clock adds IMHO no audible value in this chain.
The resulting setup
different audio sources
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MC-4 (roles: SRC, format converter, clock master)
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HDSPe AES (SteadyClock, jitter suppression, ideal clock slave due to SteadyClock technology)
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Connected D/A converter (clock slave).
Side note: ideal would be an RME reference converter with SteadyClock FS/EX, utilizing the internal clock for D/A conversion additionally.
BR Ramses - HDSPe MADI FX, M-1620 Pro D, 12Mic, UFX III, ADI-2 Pro FS R BE, Nuendo 15, Win10 IoT Ent