Yonojo, no s**t! I just got my Elite CLD 97 back from the repair shop. I have a large collection of LD's, including some rare music LD's. I'm using an outboard DAC, and listen with a pretty good headphone rig.
Years ago, I had a nice home theater set-up using the Elite SP-99D processor for AC-3 [Dolby Digital], as most LD's incorporated this, right towards the end of this format. Quite a few friends were more than impressed [so were my condo neighbors!] before the arrival of DVD with most folks getting a sub-par home theater. Had to break up the home theater when I moved.