Current Universal Players

Keep your 205 and buy a great red book dac. The sound of red book will be so far superior what you have, my guess is you will forget SACD.  But you will still have the ability to play any of those discs. There are plenty of threads on Rockna, Holo, Denafrips.  Spend 5k or more and the upgrade will be amazing IMO.  

@8th-note 

@secretguy 

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High Definition Compatible Digital

Media type	Optical disc
Capacity	Typically up to 700 MB
Read mechanism	780 nm wavelength semiconductor laser
Developed by	Pacific MicrosonicsInc./Microsoft
Usage	Audio storage
Extended from	Red Book Compact disc
Released	1995; 27 years ago High Definition Compatible Digital (HDCD) is a proprietary audio encode-decode process that claims to provide increased dynamic range over that of standard Compact Disc Digital Audio, while retaining backward compatibility with existing compact disc players.

I purchased a Marantz UD7007 universal player from a US seller on eBay a couple of years ago - it was little used, essentially new. I'm very happy with it since it offers XLR balanced out from it's internal DAC, and digital out to my main DAC, as well as two HDMI, which gives me options. SACD through the internal DAC and the XLR sounds good, but I got a HDMI to I2S conversion box to allow me to use my external DAC, just to see if "better" was possible. So far, no success in getting it to work. The transport seems decent - unlike my Sony UBP-X700, which chokes on some old DVDs.

@ spenav

I'm not sure what the point of your post is but I think you don't understand the HDCD format. Yes, you can play an HDCD disc on a standard Redbook player but the player won't decode the HDCD information and provide the extra dynamic range. If you want to experience the advantage of the format you must have a CD player or a DAC that will decode it. It will have an HDCD logo and a light that will come on when it detects an HDCD disc.

@secretguy 

Berkeley Audio Design makes a range of DACs that all decode HDCD. They are expensive but they definitely support the format. One of the principles of the company is Pflash Pflaumer who was a co-inventor of the HDCD format. There are also lots of used players for sale that do HDCD.

As the man said----Oppo.