I currently pass the 2 channel signal from the CD->DAC->Modwright pre-amp and bypass the Onkyo. I use the Onkyo for multi-channel SACD and DVD-A from the Oppo->-HDMI->Onkyo->Bel Canto monoblocks for the main left and right(via a HT bypass on the pre-amp) and Outlaw amps from the channels other than the main left and right. The front speakers are Von Schweikert VR-4JRs. In pure audio mode it is extremely quiet with excellent S/N ratio. It is not quite as realistic using the other 2 channel set-up but very close. I A/B compared the two when I first got the Onkyo and was very pleased. I may send the Modwright in for upgrades and will use the Onkyo in the interim. I won't be missing much. It is well built, quiet, dynamic and has good separation of channels. I highly recommend it.