Srosenberg - Standby is good and bad. It will extend life of the unit by lowering average temperature by few degrees but it does it by cutting power to most of circuitry. It will take time again to sound 100%. DAC1 takes about 10W and can get really warm only if you place it in enclosed space.
Standby is perhaps more valid with tube gear. Sound of the DAC is more important than features like that IMHO. My DAC1 is powered all the time (no standby) in open space on the shelf and it is lukewarm. Standby could extend it's life from let say 20 to 30 years but unfortunately cannot extend my life. The fact alone that you are posting here almost guarantees that in 20 years you will buy another DAC (or perhaps audio implant?).
Standby is perhaps more valid with tube gear. Sound of the DAC is more important than features like that IMHO. My DAC1 is powered all the time (no standby) in open space on the shelf and it is lukewarm. Standby could extend it's life from let say 20 to 30 years but unfortunately cannot extend my life. The fact alone that you are posting here almost guarantees that in 20 years you will buy another DAC (or perhaps audio implant?).