dac to cdp quality ratio


I am considering adding a low end DAC to my vintagy system,

Arcam dv 135 used only for cd / sacd playback,
no video or computer.
Sunfire pre processor III
Sunfire Symphonic reference amp
and Vandersteen 2Ci speakers

Can a relatively cheap $250 DAC improve the sound of a cd player like the Arcam that retailed for about 6-7 times that when new?
or is a higher quality/ price DAC needed to make any difference?
will the updated technology of a newer Dac like the Musical Fidelity V-DACII compare to an older used Musical Fidelity A32 that now sells for about the same $250 price,

or does a better quality cd player do away the need for any outboard DAC?

thanks
rms
rmstern
Rmstern, I've heard good things about the MF V-DAC and the M1-DAC as well. So I guess now this makes your question much more specific...maybe you'll get some comments from those with first hand knowledge.
All the best...

Mostly happy withn what I have, better cables have helped , but still trying to fix an occasional harshness? I hear on some cds,

Some cds just sound harsh, it's the way they're mastered. A better dac probably won't fix that.
As for the $250 budget, if you buy used, you'll still need to up it by a couple hundred to improve on what you have.
I think a DAC like the Bryston BDA-1 might help. I experienced some harshness in my system with B&W 803d speakers (those diamond tweeters can be very revealing, both good and bad), particularly with female vocals, when I had a CA 840 CD player. When I added the BDA-1, playing native 44/16 from the CA, a lot of the harshness went away. I suspect the op-amp analog output stages of the CA were to blame, as the Bryston has a discrete Class A analog output stage. So I am suspect when folks say its program material, because the same CDs now played on a PS Audio PWT via the BDA-1 have never sounded smoother, all harshness is gone.