I appears that many believe that I should replace my Teac Dac as a next step. I agree! I have read that 50%+ of a audiophile system budget goes to the speakers, what percentage goes to the Dac/preamp? 10%? 20%?
I have read the discussion suggestions to look for a used Benchmark Dac2 or 3 or a Classe CP-800 but they are not that frequently found used. I would guess that the used market for these items is limited because the technology is still new? (Less than 10 years old.) Much easier to find a good price on a 10 year old amp or speakers.
That being said, I have ordered a new PS Audio Stellar Dac to replace the Teac. I like the PS Audio return policy. I can audition the equipment in my listening space and make the decision.
I hope the Stellar sounds significantly better than the Teac. I hope I then like the Vandys enough to keep them.
But I know that probably will not be true. What a wonderful and terrible hobby this is!