I’m new to this thread. OP, the last paragraph of your original post says it all; the DAC in your Lexicon is hardly state of the art. Digital has advanced tremendously in the past several years. With all due respect, all the other comments about power source, ICs, etc. are meaningless unless you improve that glaring deficiency.
A DAC with HT bypass? What’s your budget? I haven’t looked for that feature myself but it shouldn’t be that hard to find. Another option is to get a better processor with improved DAC; I recently upgraded a10 year old Onkyo AVR in my HT system with an Anthem MXT AVR, with room correction and playback with silver discs using an Oppo 203 as a transport is noticeably better. Some of the improvement is due to Room correction, no doubt, but the improved DACs must be doing something ...
to answer the question you pose...would an improved DAC be worth it...I would borrow a DAC (find an accommodating dealer, either on line or a store), plug it into the system, spin CDs for a few days, and make up your mind. Pick one that would be in your budget range. If you like the improvement, go from there, and if you don’t, you are done
A DAC with HT bypass? What’s your budget? I haven’t looked for that feature myself but it shouldn’t be that hard to find. Another option is to get a better processor with improved DAC; I recently upgraded a10 year old Onkyo AVR in my HT system with an Anthem MXT AVR, with room correction and playback with silver discs using an Oppo 203 as a transport is noticeably better. Some of the improvement is due to Room correction, no doubt, but the improved DACs must be doing something ...
to answer the question you pose...would an improved DAC be worth it...I would borrow a DAC (find an accommodating dealer, either on line or a store), plug it into the system, spin CDs for a few days, and make up your mind. Pick one that would be in your budget range. If you like the improvement, go from there, and if you don’t, you are done