Sanjay, first of all, I'd say you need to chill and let the components settle down and burn in for at least 50-100 hrs before you start making comparisons. Second, once you do, forget the frenetic switching back and forth of sources as a means of evaluation. I would listen to the player/dac combo for a week or so, then go back to the single box. Often, once you begin to climb higher in the audio realm, the superiority of something is only apparent in it's absence. Third, what is the rest of your audio system comprised of? Is it resolving enough to let you discern increasingly subtle improvements? Now I haven't heard either the version two of your Cambridge or the Benchmark. If lived close this would make for an interesting comparison. FWIW, When I switch from the one box Cambridge 640 version one to using my Assemblage dac, there is a quite substantial improvement to my ears. It is possible that the internal dacs in the new version Cambridge are within spitting distance of the Benchmark.
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