Best DAC - Preamp Combo $5 to $10K Budget

Matrix  Element  X uses a hybrid  analog/ digital volume control similar  to what's used in CH Presicion. It has an array  of relay-driven resistors in the analog and the digital is part of the DA chip itself. 

I used to own the Mytek Manhatten.  I used it mostly as a DAC but for a month I had to use it as a Pre Amp.  In the latter capacity I found it a bit to hard and with glare, and was relieved when my Pre Amp reentered the system.  It is a superb DAC, however

Amen,
I always feel when you use a DAC as a preamp you start losing something. It’s like slowly turning your music into an MP3 as you lower the volume. When your Preamp goes down or your waiting for your new tubes it is nice to have the option. I cannot imagine going without my system for more than a week. 

it’s just not the same without a preamp. i’ve tried rationalizing that i could save all that money. but direct just wasn’t good. imo

Second for the Rockna.  Phenomenal piece of equipment.