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C120/C123 provide low impedance path to the DAC chip output. That because the input impedance of I/V stage has its inductive part. I wouldn't recommend removing these caps, so long as you use common base I/V. Their value is not tightly critical but the cap type is.
If you use a classic opamp I/V these caps have to be removed, because capacitance at inverting opamp input reduces its phase margin, and hence violates its stability.
Also, if you want to use a classic opamp I/V, caps C121/C124, along with I/V resistors R112/R116, have to be moved to the feedback, so between pins 2 and 6. Of course, these caps can not go into feedback of current feedback opamps, so with CFB opamp you should omit them completely.
_________________ Peđa
A 25 years ago none knew about the jitter, hence all the properly working digital devices had to sound the same. Now, we know about the jitter, hence they are allowed to sound different - and we can hear it! But back then...? No, it was too early.
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