Under $500 - Used CDP or DAC/Transport?


I've recently sold a couple digital sources (MH CD25.2 and HRT Streamer+) that I found to be too much compromise. The MH throws a huge sound stage, but doesn't sound very accurate to me. String and acoustic guitar sound processed, not very believeable. The HRT made music sound more life like, but was rather dull and lacked the fullness of the MH.

I want to spend around $500 for a replacement. I am thinking a used CDP like an Apollo or an inexpensive used DVD player as transport with a budget DAC. Top DAC choices are audio-gd NFB-3, Beresford Caiman, VDAC, and some others.

Is this price point not worth buying a DAC? I still listen mostly to CDs, I haven't fully taken the computer audio plunge yet (HRT experience was mostly good though). Would it make sense for me to buy the best $500 used CDP now and wait a year or two to target a DAC? I'm particularly interested in the audio-gd DAC, but not if it's just going to be a headache and lateral move at best.
meskandar
Check out the offerings from Emotiva. I have the new XDA 1 pre/dac and it sounds great. They also have their new cdp/transport that would be a great match with it.
I hope Emotiva has done a better job with the second CDP.
I replaced the ERC-1 with the NAD C-565BEE and it is 10X better.
I'm going with the NAD, should arrive in a few days. I'll post a follow up after I've had a chance to listen for a few days. Thanks for all your input!