In terms of absolute bang for the buck, I'd go with some mods from someone like Dan Wright. If you're willing to spend $2000 or more for the DAC, you'll probably get better performance from the outboard unit. I previously faced a similar situation when I was using a Chord DAC 64 with a Sony SCD-333ES and an XA-777ES.
SACD Player Mods vs. Outboard D/A converter?
I own a SOny SCD-C555es SACD changer Which I am happy with for SACD playback, but the Red Book playback is leaving something to be desired. Any thoughts about pros and cons of having my player modified with a new clock, output stage, capactiors, power cord, etc. vs getting a new D/A converter?
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