Another important item is that I need to easily switch the DAC in and out of the system. I cannot do this if I connect the TV direct to the DAC. Based on my research so far, the Wyred 4 Sound DAC-2 DSDse has gone to the top of my list for more research. I have spoken to them several times and they have been very helpful. I heard their equipment at the 2015 THE Show in Newport Beach and liked it.
I am disappointed the two current Ayre DAC models (QB-9 & Codex) do not support both optical and coaxial inputs. The new Ayre model scheduled to be announced shortly is probably more than what I want to spend. Thanks again. Cheers, Howard