Which matters more, DAC or transport?


In my search to better the digital playback of my system I've been lead to look at several DACs to couple with my arcam cd36, and have also considered buying a whole new player like a McIntosh mcd 201 or maybe even a lower end esoteric. My question is: will I get better results using a good DAC (for $2000 to $3000) with my mid-fi transport or with a new player that has a better transport mechanism built in, coupled with what's probably a slightly less sophisticated onboard DAC? Also, what do people think of the Bel Canto DAC3? It's one I've considered. Thanks.
128x128jamiek
"Unless you have a bad transport like say a playstation or a cheap DVD player"

There is nothing wrong with cheap DVD player as a transport (I use $70 Sony) as long as it is bit transparent (no digital volume control or processing). DVD players have very good tracking and usually very bad analog audio section that wont be used. Additional benefit of DVD player is inherent MP3 playback.
It might matter more if you posted your question in the correct forum.....

....just saying.....

Shakey
Having incrementally modded all sections of a Sony SCD-1 CDP, I assign around one-third of the total gain in performance to each of transport, clock, and analog sections. Considering that in stock fitment the SCD-1 transport is pretty decent, I conclude that the transport matters. Problem is there are few really good standalone transports available anymore.
Look, this is silly! You can have product X and Y that on their own are terrific products. You can proceed to hook X and Y together and have bad results. X with Z may sound great or even Y with Z may be a good combo...it's hit or miss folks. Buy a well made one box solution and skip the potential mismatch and subsequent cable and PC anziety. Of course some people love the technical side more than the music itself...for them there is no hope:O)