disclaimer... I'm very new to this
Main question. Will I benefit from DAC of any sort if all my music itunes 256kbps or pandora one 192kbps?
I am planning on replacing a 5.1 HTIB with a stereo receiver and some bookshelf speakers. I noticed some of them have a built in DAC and usb to bypass my iPhones DAC, but are quite a bit more expensive (I'm a student). The cheapest one would be the Onkyo 8050 @ $300. This would stretch my budget and give me less money to spend on speakers.
Should I not even replace my receiver at all and just buy bookshelf speakers and leave my 5.1 receiver in 2-channel mode? and maybe buy wadia or something down the road?
this is my current system: