Why then, have my DNG converted files not kept pace with the acr updates, when all my other raw files have?
I suspect you may have encoded a pre-decoded (or pre-"interpreted") file.
All my DNG files from my M8, going back to 2007, have benefited (if that's the proper verb and its conjugation...existentially-speaking) from the noise reduction improvements in the newer ACR.
Either you exported your raw files via Lightroom having pre-applied settings first, or you set "Lossy Compression" during your DNG conversion.
I have also experienced multiple installs of DNG converter and/or ACR plugins in the past, and Adobe seems to have effed-up (and recently corrected) their upgrade methods in the past several years. Sometimes you just have to hunt those extra files down, uninstall and reinstall so that all your Adobe programs work harmoniously.
Software development suffers greatly and gravely from "who cares!"-ism from the part of departmental bosses who only care about reaching a deadline without having the proper technical background (or clue) to understand what they're asking from developers...which is why they (the bosses) opt to outsource, where they'll happily deliver minimally-compliant software for their reduced wages (they both think they're ripping the other off).
Developers who care greatly about good coding and
engineering practices are usually more experienced and demanding of higher wages. The industry only cares about short-term, low-cost, revenue gratification, and not about permanence. That's why some of the best software is either very expensive, or free from idealists bent on improving the world (i.e. the inventor of IP/TCP protocol)
The many iterations of DNG converters are not safe from this overall "so what?!" environment.
The cure (or, as is also often the case in software development, the
workaround) is to always be vigilant and having the attitude of "you can never be too careful": keep the original RAW files; always. At least the ones you want to keep. Any conversions are "to play with". The originals are to be kept unchanged, until the company that is behind it ceases to exist. It is at that moment that you then think about migrating/converting your data.
Your mileage may vary. Restrictions apply. Void where prohibited.