What is teh Denon receiver for (tuner?)? You can pickup the old CAL DAC's for relatively little money.
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Before I got the C200, the Denon was used as preamp for 2 channel. It is now used for SACD and Multichannel applications.
How does this CAl DAC compare with DAC1 or DA-S1?
I'm considering the used Denon gears above as I can get decent prices for them from a friend who lives in another state. Hence, it makes audition an inconvenience...