Would a Bel Canto DAC2 do the trick?

I'm trying to find an inexpensive (under $1K) digital front end for GMA 1.5 speakers and a Rogue Tempest Magnum integrated amp. I'll probably upgrade in the future, but for now, I'm trying to go as inexpensive as possible. I like smooth, detailed sound, with good pace, slam and bass. I listen to jazz, heavy metal, rock, funk, trip-hop, electronic.... I currently have a Toshiba DVD player, and was wondering if running it through a DAC would do the trick. Two possible options I've considered are the Bel Canto DAC2 or the Theta Basic IIIa. Would I need a separate transport? I'd appreciate the input. Thanks.
Howdy Dennis! Just a little advise from a fellow trip-hop fanatic: Don't bother with an external dac unless you are willing to buy a top notch dedicated transport. Both the dac and the transport are of equal importance, and though adding a dac to any player can and will make changes or even improvements the dac will be greatly held back from its potential if fed garbage from a poor transport. If you have under a grand a one-box solution would probably be best for your associated gear, and there are a lot of options. Personally I would think a Marantz SA-8260 SACD player might just do the trick, it's a multichannel player that just made Stereopile's class "A." If it sounds anything like the SA-14, in SACD AND for redbook, it deserves it! SACD if fantastic. I recently bought my first player just for giggles, having not been impressed by what I heard in dealer demos (aside from a $34K dCS setup), but getting SACD home has really opened my eyes, ears and mouth! The 2 dacs you mention are very good indeed as well, and if you can float $400 for a Theta Basic or PS Audio Lambda transport I'm sure you'll like them too. I liked the Musical Fidelity A3 24 much better then the Bel Canto, but deciding between them is probably nothing more then a matter of personal tastes. Good luck!
Hi Michael,

Can you describe the differences you perceived between the Bel Canto DAC2 and the Musical Fidelity A3 24? I was interested in the DAC2 because I read that it works fine with DVD players as a transport... I figured I could upgrade to a better transport later. I currently don't own any SACDs, but I'm quite apprehensive about it... I don't know if this standard will survive long term.

Also, do you know if the transports you mention support CDR?

Anyway, thanks for the advice!