New CDP or standalone DAC...?

Phasure ?
Benchmark DAC3 ?
Dave ?
Yggy ?

If you have a HDD and a computer with a disc drive you could rip your CDs to a lossless format file. Get a Bluesound Node 2 and with that device you can access all your ripped files and stream hi-rez files like a MQA. You would have a very large library of music to pick from. Another option is to buy a Bluesound Vault and rip your CDs to that internal HDD and still enjoy all the streaming. Each of these options can be done for less than $1000. The DACs in both units are very good and can be upgraded later by buying a better DAC in the future. That being said, I was very impressed by the Bluesound DAC, since I think it is trickled down technology from NAD.
Also all your music could be controlled by your smartphone or tablet.

New CDP or standalone DAC...?

Given same d/a converter in both and implemented the same way, then it’s best to go CDP, rather than separates.
  
As when you have separates both dac a transport have their own clocks and are not sync’ed to each other. Unless you have like a very expensive DCS system that runs the clock of the dac to the transport via a separate lead and the clock in the transport is not used. TentLabs used to have expensive kits’ to do this, but were complex to implement.

In a CDP there is usually one clock that dac and the transport both section run off, so they are always sync’ed to each other via the same clock, always a better option.

Cheers George

I have the 103 and while I love it for home theater,  I agree it is not a very good CD Player.  I would try it with an outboard DAC.  Also the Cambridge CXC is an excellent transport, and Cambridge has lowered the list price, and used ones go for about $250. If in your budget,  I would try the new Nuprime CDP-9.  

Thanks guys very much for all the suggestions so far. I apologize in advance, let me give a little more info for clarification. This is not a home theater room, it is a dedicated 2-Ch listening room. It is never been used for background music, only for serious listening 1-2 hours per week on average. I have never been interested in having a traditional computer in the listening room, I have never had an interest in streaming, I only use a single source for simplicity/cost/space constraints. I have a fairly large collection of silver discs, and enjoy listening to SACD, HDCDs, and of course, good old "Red Book" discs. I might consider something for ripping and storage. Basically just yearning for a little more life, a little more musicality, and I am guessing my source is the weakest link in the system. I hope this thread continues with more responses, I truly am grateful for all the input.

Tom