Hello Stu - Check out Cocktail Audio. They might make an all in one like you are looking for: rip, store and play back. Don't know if the DAC is by-passable. Dunno about pricing. Audio Advisor carried them and has other offerings that might be pertinent. I'm using an Auralic Aries Mini to play back ripped CDs and stream Tidal, Spotify and internet radio. It has an internal DAC that can be by-passed. It can house hard drive storage (separate purchase) but I'm using an externally connected 2TB Seagate Hard Drive.
I rip CDs to it as ALAC files using an Apple Superdrive and iTunes. ALAC is compressed but lossless. Some people say they can hear differences between ALAC and WAV (lossless, uncompressed). I can't, though I can hear changes associated with wire. You'll have to decide how far along the Audio-OCD continuum you want to travel. The Aries comes with Auralic's proprietary Lightning DS app/software that loads onto an iPhone or iPad. Roon is another more highly regarded alternative, though last I knew the Aries was not Roon ready.
LOTS of different options out there. Computer Audiophile is a useful resource. Easiest way to get your feet wet is run a USB cable from a laptop into USB of the DAC and play some downloaded files or CDs ripped to your drive. You can try free versions of Tidal and Spotify though their respective premium versions that require subscriptions definitely sound better. Not saying Laptop vis USB to DAC will give you best sound quality but you can get started that way. Might be surprised how good things sound - maybe....
I rip CDs to it as ALAC files using an Apple Superdrive and iTunes. ALAC is compressed but lossless. Some people say they can hear differences between ALAC and WAV (lossless, uncompressed). I can't, though I can hear changes associated with wire. You'll have to decide how far along the Audio-OCD continuum you want to travel. The Aries comes with Auralic's proprietary Lightning DS app/software that loads onto an iPhone or iPad. Roon is another more highly regarded alternative, though last I knew the Aries was not Roon ready.
LOTS of different options out there. Computer Audiophile is a useful resource. Easiest way to get your feet wet is run a USB cable from a laptop into USB of the DAC and play some downloaded files or CDs ripped to your drive. You can try free versions of Tidal and Spotify though their respective premium versions that require subscriptions definitely sound better. Not saying Laptop vis USB to DAC will give you best sound quality but you can get started that way. Might be surprised how good things sound - maybe....