Jafox, your post made me want to slightly clarify my previous post. I may have been the other person you are referring to (maybe not) so I do not want to seem to be contradicting myself. My advice to Zender about going with the phono stage with volume controls is more a theoretical suggestion as I have always used a line stage. As you know, conventional wisdom would dictate that less in the signal path is better. However, my own personal tastes would probably also weigh on the side of using the line stage for the reasons you mentioned. Since I need a line stage for digital, I haven't had to really face the issue.
However, I CAN say this -- when I had the Manley Steelehead, I tried bypassing my line stage and ran my CDP without a line stage using the Manley's "line in" option and I MUCH preferred using my line stage. I also made one short comparison where I ran my analog rig through my Steelhead AND my linestage (my normal set-up) versus using the Manley's volume control. In that situation I preferred running the Manley through the line stage but I didn't verify this with any long term listening.
However, I CAN say this -- when I had the Manley Steelehead, I tried bypassing my line stage and ran my CDP without a line stage using the Manley's "line in" option and I MUCH preferred using my line stage. I also made one short comparison where I ran my analog rig through my Steelhead AND my linestage (my normal set-up) versus using the Manley's volume control. In that situation I preferred running the Manley through the line stage but I didn't verify this with any long term listening.