Separate dacs were the big-and-coming thing even 20years ago. The only reason most don't go looking to use older boxes is the lack of easy USB input - though that can be solved easily/cheaply if you want a small,cheapish third add-on box...
.... well, that, and the immortal idea that newer is better just-because. We all know how realistic that may prove!
More seriously, many high-quality older dacs will not offer higher than about 16bit/48Khz input capability. Since I think few sources and masterings get anywhere near to the resolution that already implies, personally I don't think it's a serious limitation. In many ways I'd rather have the earlier-tech DAC chip and the well-considered, bombproof analogue stages and linear PSUs than the latest 1-bit wonder [size=-2]and matching rudimentary datasheet-based implementation by a cad idiot el-cheapo output stage with ceramic caps and SMPS[/size] all at a low price. However, the older brutes are not 'teh shineh' so... many will pass-over some true engineering bargains
.... well, that, and the immortal idea that newer is better just-because. We all know how realistic that may prove!
More seriously, many high-quality older dacs will not offer higher than about 16bit/48Khz input capability. Since I think few sources and masterings get anywhere near to the resolution that already implies, personally I don't think it's a serious limitation. In many ways I'd rather have the earlier-tech DAC chip and the well-considered, bombproof analogue stages and linear PSUs than the latest 1-bit wonder [size=-2]and matching rudimentary datasheet-based implementation by a cad idiot el-cheapo output stage with ceramic caps and SMPS[/size] all at a low price. However, the older brutes are not 'teh shineh' so... many will pass-over some true engineering bargains

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