I am seriously contemplating on getting a Bluesound Vault2i as I would like to finally store all my CD's in a central repository for significantly easier access but it's internal DAC is definitely an issue when I was demo'ing in a store.
Not to derail the thread, but what I've done is attached a USB hard drive to my PC and made it a shared drive. I use Foobar 2000 (free) to rip to FLAC. I have another USB hard drive that automatically copies anything new on the first drive for backup using SyncBack (free) and I also upload everything to the cloud for backup. I use Serviio (free) as a media server and any DLNA device I have can see and play my tunes. In my two channel system I use my TEAC NT-505 and BubbleUpNp to stream and my Bluesound in my bedroom. I prefer not to be stuck with a dedicated device that will become obsolete at some point or be stuck with its DAC. I'm not sure how easy it is to backup the Vault, but it doesn't look like you can do it in an automated fashion like I am.
There are some good reasons to use a dedicated device, and I'm sure there are some sound quality differences in a very revealing system if you have golden ears, but I can't detect any noticeable difference between the FLAC files when streaming from the HD vs. Qobuz or Tidal in my system.
If I want to upgrade my DAC and/or streamer I don't have to bother with getting them out of one device and into another and my files are constantly being backed up in case of failure of a hard drive, which eventually happens to all of them.