lengould, dc transmission is fine up to a point, but all you are doing is moving the stability problems from the lines into the control electronics. And my understanding is that a 10 foot power arc on the Cahorra Bassa lines cannot be extinguished except by ramping back the electronics.
But you need ac (or some incredible switch mode PSUs!) to convert voltage levels. If the electronics is so good, maybe we should use ac (simplest for generation), and then just do all the rest with electronics. No need for dc versus ac at all - just do whatever is simplest from a field operations (=users) switching, etc point of view.
And the reflected wave problems would be pretty mind boggling too, with all those harmonics etc!
Bung
Life is non-linear...