I thought you were looking to improve the player you had. In that case, the Oppo 205 is a really good DAC. I had one - bought a Bryston BDA3 because it takes the DSD stream from the Oppo and I have a lot of SACDs, and honestly couldn't hear much difference between the two. I think at this level you may want to figure out what kind of sound you want. IME the 205 is really transparent and detailed, perhaps can be a little bright. In that same vein I liked the Lumin T2 better. If you want warmer, perhaps the previous suggestions of tubed DACs. I moved on to a Marantz SA-10 and that was a good move towards smoother and more musical. But getting an outboard DAC is a great option, there are so many choices.