Best DAC for CD redbook playback
Get the best you can afford that uses R2R Ladder Multibit dac conversion, as it does it "Bit Perfect" for Redbook (PCM)
Stay away from all Delta Sigma based dacs that are for DSD or otherwise, as they only give a facsimile of Redbook (PCM) conversion.
http://www.mojo-audio.com/blog/dsd-vs-pcm-myth-vs-truth/
Quote: " When a PCM file is played on a DSD or Bit Stream converter, the DAC chip has to convert the PCM to DSD in real time. This is one of the major reasons people claim DSD sounds better than PCM, when in fact, it is just that the chip in most modern single-bit DACs do a poor job of decoding PCM."
Cheers George