@kjl1065 -
@hjdca gets to the heart of the matter. If you go the transport & DAC separates route - to make it all work out nice and neatly - you will need to go with I2S (HDMI like) connections. So your choices in equipment may be limited.
I went with the PS Audio PerfectWave SACD transport and PS Audio PerfectWave DAC (Mk I). With special purchases, I am all in for about $6K. Big money to me, bigger now with how prices have skyrocketed in the last 3 or so years.
If I didn't go this route, I would have looked at Luxman's cd player offerings more closely.
Prior to purchasing the PSA equipment, I had one of the original SACD changers, the SONY 555 SCD from 25 years ago. It was/ is still working fine, but I became nervous about getting it repaired or having a laser replaced, since SONY's Laredo repair facility (the ones who performed repairs) had mixed reviews.
With the PSA transport, Redbook CDs sound much better - fuller sounding, more detailed. So much so, that I felt redbook approached how SACDs were sounding.
Rich

