Which Component Has the Greatest Affect on Low-Level Listening


I'm looking to get out of HT 5.1 and go strictly to 2 ch.  I generally have music playing all day, often just sitting done to listen to certain tracks.  

I've read that "some" speakers don't sound "good" until high listening level, and also an integrated such the Luxman 505 don't sound good at low levels (is that the reason they include loudness?).

Which component, the amp or speaker, has the greatest impact on low level listening quality?
bgm1911

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a very well executed line preamp with attention paid to stable linear gain attenuation will have the most dramatic impact of fullness at ALL playback levels.
 






This is the best advice, it makes sense. I have 80 db sensitivity speakers and they sound great a low levels, plenty of good bass. My preamp made the most difference for low level listening, attenuation is very linear in my preamp.