“IMO Phillips and Sony made a stupid mistake when they set the Redbook spec to 2V output with digital gear, more than many amps need to overload.
The CD was invented in 1982, with full knowledge of this. The reasoning is that a PREAMP could/can easily handle 2V input. Amps may not, but since the idea was never to directly connect a CD player at full output to an amp, I’m not sure why this is an issue. Also, higher voltage = less noise (its complicated) and less need for additional gain downstream.
Also, Ralph is right for an AMP, 2V might be overload but preamps have been 100% aware of the CD standard since then and are built for it, so I disagree. Preamps (and preamp stages) today can easily handle 2 V input and put out whatever arbitrary fraction of that you need for an amp.
Older gear though had far too much gain or too low a supply rail which could cause an issue. By too much I mean it had a lot more gain than we can use, which contributed to noise. Better to have lower gain and wider use of the volume knob.