I suggest that you investigate whether the Blu-ray player's Toslink interface has the bandwidth to output all hi-res audio formats without down-sampling to a lower resolution.
With an outboard DAC, would you be able to play the SACD layer of a hybrid SACD, or the CD layer? Can all hi-res Blu-ray audio formats be supported via an outboard DAC that is connected via Toslink?
I'm not a technical expert. With that said, my understanding is that the best options are an HDMI interface to a DAC (or AVR), or DACs that are internal to the universal player.
Perhaps someone who is more knowledgeable can explain this.
Got one of his with Carlos it's a White Album outside anyhow... white linen and background. It's got a time when I can listen to it. But after finishing my Frank Marino (Think JIMI) listen and pulled this up I hear Jean Luc jamming big time!
*Wait...that isn't Jean Luc Ponty in Lilas Dance?
pulled it up.. it is, the Goodman violinist must be elsewhere