I went through three Mac minis with various diy modifications, the two most effective were mod to operating systems, shutting down unneeded services, the other was adding LPS with Uptone JS-2 and MMK. So this one route and you'd have a pretty nice streamer at this point.
I like the idea of adding an Endpoint, Roon sound quality improved running Core on one streamer, Endpoint on something like the UltraRendu. I use the OpticalRendu finding optical conversion worthwhile. The problem with this is you won't hear the full potential of the Endpoint with your mini in present state.
So, if not into diy mods with present mini, and I don't really like your mini as I believe it has soldered RAM (RAM upgrades another worthwhile mod), I'd suggest a new streamer The SonicTransporter I7 is a very nice streamer at that price point, remember you'll also have to invest in a 12v 4 amp linear power supply to power it. SGC has their own, the other options I'd suggest are likely over your budget. And then sometime in the future you could add something like Ultra or OpticalRendu for even further improvements.