Behringer DEQ2496 - worth using in hi-end system?

See my long-running thread, How does one get off the merry-go-round?

How is it as a DAC? Does it simultaneously output from both its analog and digital outputs?

By that I mean: I have Denon universal player as my CD transport (with a Dac-AH doing the redbook decoding). I use the Denon's DACs for DVDa and SACD decoding.

I would be hoping to go from the digital out on my universal player to the Behringer. I'd like to keep using the Dac-Ah for Redbook, but if the Behringer is a good DAC, I'd like to use it for LPCM stuff. But, I can only do that if it outputs from both the analog and digital outputs at the same time (so I could choose between them based on whether I was playing a cd or DVDa disc).

The Behringer would have an added bonus for me as a musician (using it as it was intended, as a mastering tool).

Hudsonhawk...Yes. The DEQ2496 can walk and chew gum.