I need a quick clarification on the use of an Outboard DAC like the MSB Link III. I recently upgraded to an Outlaw 1050 receiver along with an SVS 20-39PC and a set of Norh 4.0 Ceramic speakers(which haven't actually arrived yet). I am still using my Apex600a for a dvd player and cd transport however. Clearly the Apex is the weakest link in the system, but I am satisfied enough with the quality that I am considering waiting to upgrade until Outlaw has more information about their posssible SACD/DVDA DVD player. Unfortunately, I am worried I'm really shorting myself on music quality. That's why I've been looking into getting an external DAC. From what I've heard, an MSB Link III or II would continue to outperform almost any dvd player I would get anyway. My problem is that I don't know if I can use it properly on the Outlaw 1050. According to MSB you need to have the receiver set to 'Bypass or Direct' mode. I don't think there is a bypass mode on the cd input and the direct mode doesn't have bass management. I'm a little confused on this. Do you have to bypass bass management on a receiver to get the benefits of an external DAC? Would I even be able to use one with my current equipment, or should I just focus on getting a better dvd player? Thanks for any help.