btw22, I assume you know the 203 doesn't have the audio capability of the 205, but that of the Classe should be excellent. I further assume the Classe, like most high-end prepros, passes video but doesn't process it.
I'm using a Sony 65 XBR 850 that may upscale (whatever that means) to 4K, but I'd be hard pressed to tell the difference between 1080p and 4K sources. My projector is not 4K; I suppose might appreciate 4K on the 100" screen.
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