Does the 'Buck' Start with the DAC?


Some members have expressed that the server / streaming front end is less important than the DAC.

I subscribe to the position that "Everything Matters"

As I consider front end choices, I'm trying to gauge if I should be leaning more heavily on a DAC versus a SOURCE (server / streamer).

Feedback and perspective from both camps, or any others, will be helpful. Thank you.

Please Note:  I'm not looking for validation of the position that "only the bits" matter... I accept that some believe this wholeheartedly... and that's okay by me. 
david_ten
@worldwidewholesales   Thanks. That answers my question.

@thyname  DAC is the Denafrips Terminator   Server is the Small Green Computer sonicTransporter i7 Roon DSP only (w/ ethernet bridge). 

I haven't had a chance to listen to MSB yet... hopefully, over the Christmas holidays.
To add: a good streamer certainly benefits as well as good DAC. Recently I attended a show where three price levels of systems where presented. All based on Innuos. Ratio DAC to streamer was roughly 3:2 in all systems. 
Personally I would like to go to a FPGA-based DAC to have the upgrade ability. 
@emtrey: I used to own Ayre QX-5 Twenty. Excellent DAC.

I agree with you. It’s USB input using a decent streamer was audibly better than its built in network bridge
I guess in the lower price point, say <$2500 I would spend more on the dac. After that I would try different things. If I ever get to that.

This one looks like a good start for a streamer.
https://volumio.org/product/volumio-primo/
It all matters but the best dac IMO will give you the best overall sound.

Happy Listening.