Cable vs. Electronics: biggest bang for the buck


I recently chronicled in a review here, my experience with a very expensive interconnect. The cables cost nearly $7000 and are well beyond my reach. The issue is, the Pursit Dominus sound fantastic. Nothing in my stereo has ever sounded so good. I have been wondering during and since the review how much I would have to spend to get the same level of improvement. I'm sure I could double the value of my amp or switch to monoblocks of my own amps and not obtain this level of improvement.
So, in your opinion what is the better value, assuming the relative value of your componants being about equal? Is it cheaper to buy, great cables or great electronics? Then, which would provide the biggest improvement?
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Bomarc, One tiny little problem. In the Floyd Toole article, it seems that he is out to justify the means (so to speak{er}.) It is a know fact that frequency response alone can be adjusted to reflect a "Certain" sound as in laid back or up front. However, how do we account for the difference in transparency, soundstaging, proper timbral allocation and the like? Speakers test perfect on whatever test and still sound like crap. I haven't seen this measured myself. Another good example of measurements gone astray is electrostatic speakers. Because of their inherent design, they are not going to measure very flat. They are subject to unreal reflections from the room and unless you are using multiple panels, one cannot reproduce the entire frequency spectrum without problems simply because the whole panel wants to vibrate at the same frequency. With the constant changes in amplitude, it is not going to be an accurate speaker frequency wise. However, there sure are a lot of people who like them.
Bigtee: Well, Toole is justifying his own (well-regarded) approach to speaker design. What he shows is a correlation between frequency response (measured in an anechoic chamber) and listener evaluation (blind, of course). There are a lot of reasons why that correlation may break down somewhat outside the lab; e.g., speaker-room interaction (which, along with the recording itself, is where much of your soundstage information comes from). And it's quite possible that people would prefer one speaker if they were looking at it and another if they weren't. No formula is going to explain every audiophile preference.
I guess there's a lot of places to spend your money if you don't care about how good your system sounds. I'm not sure if some of these people are kidding or if they really think zipcord will sound as good a better cable. I guess, to each his own.