DAC DIRECT IN TO AMPLIFIER OR TO PREAMPLIFIER

For the longest time, I believed that the best preamplifier is no preamplifier.  Eliminating a component from the audio chain would yield less distortion & greater purity.

Recently, I have had reason to re-think my logic on the matter - and I am (I think) changing my mind.  Better said, assuming that the preamplifier in the component you are using (in my case, a DAC) can produce 95% or greater quality sound compared to the preamplifier component, then no preamplifier is the best option.  The 5% represents the (estimated) loss of fidelity in adding another set of interconnects.

That said, most DACs do not have an outstanding preamplifier built in.  I think most have average passive attenuators, and the better DACs have active preamplifiers that are very good - but not as good as a quality preamplifier.

What are your thoughts?