You might consider buying one of the cheaper Sony carousel SACD/DVD players(i.e. DVPNC600V) and having it modified by Ric Shultz, Stan Warren, Dan Wright, Kern, etc. This way you'd have one unit that will likely kill any stock DVD player and probably outperform many pricey CD players, and it should come in well under your $1200 budget. See Ric's thoughts on www.tweakaudio.com for various mods available. Best of luck.
Tim