When I asked one of the owners of the company that makes my cables why he's getting into streaming he said he'd settle for 85% of what he can get out of his CDP and TT for casual listening. They have four completely different systems that they test their cables on before settling on a final version. Not as engaging but great for background music. It was for convenience.
By the way, I think Tony Manasian would agree with brianlucey about 16 bit done right sounds great. Though Tony's music taste is very eclectic, I've yet to hear any CD sound as realistic and 'in the room' as his works. 16 bit, straight in, no mixing, no tampering, and on one CD using a cheap mike that cut off at around 16Khz. It's almost funny.
All the best,
Nonoise