Here is one way of looking at it. All the available musical information is encoded in the digital signal. This includes all the timbre, body, spacial information, decay and what have you.
The DAC converts this digital information to an analog signal. Anything added to the analog signal after it leaves the DAC is by definition information that was not originally there.
In many instances what is added may make the sound more pleasing. It may compensate for something your DAC did not retrieve, or your speakers or amps do not reproduce naturally.
The better your system is capable of reproducing the sound encoded in the original digital signal, the less it will benefit from adding something in the chain that adds coloration. In a (hypothetical) "perfect" system a volume control that just controls volume will sound best.
A perfect source (say a live acoustic piano recital) will sound better live than running the same hypothetical perfect source signal into an (imperfect) preamp into hypothetical perfect (i.e. capable of perfect reproduction of the source signal) amps and speakers. QED
The DAC converts this digital information to an analog signal. Anything added to the analog signal after it leaves the DAC is by definition information that was not originally there.
In many instances what is added may make the sound more pleasing. It may compensate for something your DAC did not retrieve, or your speakers or amps do not reproduce naturally.
The better your system is capable of reproducing the sound encoded in the original digital signal, the less it will benefit from adding something in the chain that adds coloration. In a (hypothetical) "perfect" system a volume control that just controls volume will sound best.
A perfect source (say a live acoustic piano recital) will sound better live than running the same hypothetical perfect source signal into an (imperfect) preamp into hypothetical perfect (i.e. capable of perfect reproduction of the source signal) amps and speakers. QED