IMHO , the old audiophile ethos of "less is more" is not true, but the "more is more" is not true also.
I don't doubt that a bit, micro. It
sounds right, of course -- resistors, capacitors, cables, plugs, power supplies -- they're all sources of noise and distortion. The question, of course, is, "Is it audible?" I suspect that given excellent design and execution of separate DAC, phono stage, pre, mono block power amps...it's
not audible. Or at least not enough to matter.
So many old audiophile ethos -- less is more, more is more, money is more, more current is more, more voltage is more, etc, etc, etc, all end in that same answer: It depends.
This one, though, makes a lot of sense. Does the noise and distortion of all those redundant components and all their nose-making parts, connected together by all those wires and plugs, juiced by those multiple power supplies add up? Is it audible?
It depends. But the logic is in favor of integration and simplification is hard to escape, and it makes you wonder why there aren't more audiophile integrated amps. My guess is the answer is very similar to the question of why there aren't more audiophile active speakers. A: It's not what the audiophile market wants.
And now we've gone full circle...
Tim