Best budget DAC


Hi all,

I'm considering a DAC for my system and I have to keep the expenditure very reasonable (under $300).

DACS considered: Audioengine D1, Audioquest Dragonfly, Cambridge Audio DACMagic XS & Azur DacMagic 100, Musical Fidelity - V90-DAC,  Schiit Modi,

Any suggestions you have would be greatly appreciated, especially if you have actually heard or compared the DACs above, or others.

Also, if I do get a DAC, is there any advantage to ripping a CD and then playing the FLAC/WAV file through the DAC? Keep in mind that the DAC chip in my CD Player is listed as a "24/192 Cirrus Logic Delta/Sigma", but no specific chip number.

I haven't seen any comparisons of CD's to ripping and playing the file through an outboard DAC, so if you have seen such a comparison, your link to it would be greatly appreciated.

These are the components in my system:
Speakers - Elac B6
Subwoofer - Elac S10
CD Player - NAD C 516BEE CD Player
Preamplifier - Parasound Halo P5
Power Amplifier - Rotel RB-1080

 Thanks. Your help will be greatly appreciated.

128x128edincleve
I run a Peachtree DAC I'm happy with.  It retails at $300.  It takes a USB feed from my PC as well as a straight fibre digital link from my CD player.  It's a decided improvement over using the on-board DAC in the CD player.
My first dac was the modi, i bought it expecting to have some of the bifrost, i dont know about the bifrost sound but the modi was very boring dac, small image, small sounstsge and lacking bass a lot! I still have it but inside a Box, i guess is made to use with headphones. Then i bougth the peachtree dac it wich i love the lively and centered image, enough forward to treak your brain as the singer is infront of you. I have compared it with 3 built in dacs: one inside my yamaha rxv 650(msrp 500)  one is from my anthem avm 20.1(msrp 3200) , and the third one from my oppo bdp 103, from all is noticible better the peachtree. I hope this help you.
Fausto
And about your second question, i have made some test ripping cd to 24/192 flac files and after comparing both by fast switching using the dac it, i found some very small lost of body, unperceptible msybe without fast a/b switching, but i thing in the audiophile madness every lost or improve counts.
Does the nad cd player have inputs so you can use it as a dac for computer files? If it does I would question if a stand alone dac in this price range would be better than the one in the cd player. Perhaps consider holding off until you can purchase a dac in a higher bracket? For me in your price range i love my usb halide dac hd which has a very small footprint and no power cable. But input is usb only. 

As to your question yes files ripped from cds can sound great. "Better" is a matter of your cd player vs dac vs file types - basically comparing your overall implementation for reduced jitter, good conversion, etc. Look at the threads on ripping software before you get started. 
Check out the iFi line if you just need to use USB from a computer.  No frills but very good sound using the Sabre line of chips.  

In terms of relative quality to using a CD player, it depends a lot on the CD player you have and the computer you use (and the software).  Check out computeraudiophile.com for a number of different excellent computer configurations for digital audio.  I have truly found that eliminating moving and spinning parts (drives, fans, pumps) and going with a low wattage/heat system can make a significant difference in the sound.  You also don't want that computer doing anything else than playing the music.