Upgrade DAC or Buy New


I own a Muse 296 DAC (first manufactured in 1998) which I've always enjoyed. I just changed my system where the DAC is driving the amps directly, but the output voltage of the Muse is only 1V, so am not getting enough output. I can upgrade the Muse to their model 192 (first manufactured in 2003), but it will cost $1,200 to do so.

So the question is should I spend the $1,200 to upgrade the unit to one that has been discontinued for a few years and is a five year old model, or look for something else? I would be willing to spend up to around $2,000 or so.
smeyers
"5 Y/O dac technology is ancient"

Yeah, but I know of some manufacturers that are still using the 'ancient' Burr Brown 1704 DAC in their new equipment. It is used in the Muse (4 of them in dual differential balanced mode). Steve Nugent at Empirical Audio uses them in his $6K Spoiler DAC.
I have the Accustic Arts Tube DAC and absolutely was stunned when I first heard it. You can get their now discontinued Mk. 3 version for around $2-2.5K. I am pretty sure that will be a big improvement over the 2003 DAC.
There is nothing wrong with an older dac. Zanden uses a dac chip from the late 80's early 90's in their $10k+ signature dac. Tubes are not new technology. If you like what you have and feel you need more drive to your amp than maybe a good used preamp might help. It would be a shame to upgrade your dac and then miss the magic you are now enjoying. I went down that road years ago and it took me years to get back to where I was.
I don't know about the particular units you are talking about, but it is wrong to assume that more recently designed DACs are superior to older models. All manufacturers are dependent on the chips that are available on the market. New generation of chips are often inferior in sound quality to older chips. The new chips serve more functions than the older chips or better serve other priorities. For example, new chips are optimized for much lower power consumption so that they can be used in portable devices; who really cares about sound quality? Some manufacturers have actually stocked up on vintage chips to use in their premium models (e.g., Naim).
Nickt: Thanks; I'll keep that in mind.

Stereo: I'm already using a preamp in the form of a Tact 2.2 XP. The Tact has an internal DAC that can be used to feed power amps directly, or I can feed an outboard DAC using its digital outputs. I'm also using the Tacts built in digital crossover, so I have to use the Tact volume control. I suppose I can connect a preamp in the chain before the main speaker power amps, but I would have to set the volume of the preamp at some fixed level since I am using the Tacts volume control. I would prefer not to do that however, and use a DAC that has a high enough output level.

Larryi: Yeah, I think that it what I'm realizing. I find it interesting that my 10 year old DAC (using the discontinued Burr Brown 1704 chips) sounds better to me than the much newer DAC (using AKM chips) built into the Tact unit.