The preamp. If you have made a bad choice in the selection of the preamp, it is very hard to "correct" it with speakers, source or amp. If you have made a great choice in a preamp, you are 85% on the way to nirvana. Also, a lot must be said for synergy. I have seen great components (preamps, speakers, and amplifiers), while great individually, that just don't go together. No reasonable technical explanation can be given. Whereas the substitution of a "lesser" component will bring back the ease, effortlessness and beauty. Craig is right. The real question is not which piece is most important. It is which piece do you want to start with. I say that the best place is the preamp.
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.