It's all equally important. The single most important thing is that all of the components work well together. From the breakers feeding the outlets power to the window treatments in your room to isolation and everything in between. WATT/Puppies are great ... but coupled with the wrong amp (even a very expensive one) will have trouble surpassing a system a tenth of it's price. Half a dozen 'little' problems in your system/enviroment will cause just as much sonic havoc as a bad component mismatch.
The most important piece in a stereo system???
I was wondering what people think is the single most important part of a stereo system? It can be the amp, speakers, CD payer, preamp, speaker wire, cables, tweeks, whatever you name it. I just want honest opinions. What would you spend the most money on? I think most of you will either say amp or speakers. I know having all good stuff will make your system sound better, but I just want to know the single most important part. Myself I think the speakers are the most important. I look forward to reading what you think. thanks in advance.