05-16-15: BifwynneYes, that's correct, Bruce. But a logical concern in using the DEQX in conjunction with a phono source would be the transparency of the A/D and D/A conversion processes that it inserts into the signal path, and perhaps also the transparency of its digital volume control function. Some of the experienced DEQX users posted comments earlier in the thread attesting to that transparency, but obviously before getting into calibrations and corrections I wanted to confirm that with my own system, recordings, and ears. As well as assessing the differences resulting from replacement of my preamp with the DEQX, and replacement of analog interconnections to my digital sources with digital interconnections, and substitution of the DEQX's DAC function for their internal DACs.
Al, please clarify/confirm what you are reporting. At this point, I think you are saying that your DEQX is being used in bypass mode ... no signal corrections yet. If so, presumably there should be little or no impact on the signal as it passes through the gizmo, which is pretty much what I am getting from your post.
Best,
-- Al