I am pretty sure this identical question has been asked in the past, and every time I have read it, the answers are (like almost all audio topics here) split with no clear consensus, and a lot of "both" answers.
I am going with "both," but the importance of each manifests itself in different ways. I’ve played around with a few different tube amps, and each amp change did something. I didn’t start to feel like my system was sounding truly "musical" until I upgraded from a digital HT preamp to my first tubed preamp. I upgraded that to a better tubed preamp and lost some warmth but gained air and detail (which to me means a better imaging and a better defined sound stage).