I don't want to inflame anyone but just to share some findings when we recently did a comparison of the BP20 against a passive pre-amp. The BP 20 as I understand it is an all analogue design and identical to the BP25 except for no remote control capability. The passive pre-amp consisted of a DACT stepped attenuator (CT2), paired with a Seiden 6 step source selector and wired with pure silver wires and gold plated RCA sockets. Incidentally the preamp cost a total of US $250 whilst the Bryston is obviously more. Speakers were PMC's too.
It was after completing this blinded test that I realised passive pre-amps are so much better than any analogue based pre-amp without DAC. Of course, this only applies if you don't need a phono stage and have a source capable enough to drive a passive preamp, which includes most line level sources nowadays.
The sound quality from the passive pre-amp is really very good and as close to the source as possible. The reason we know this is becasue the CD player has variable level control (but even at the lowest setting was louder than normal listening levels, hence the need for a pre-amp volume control). Intemrs of clarity, soundtage, imaging and depth the passive was distinctly better than the BP20. Even for dynamics it is better, the old fallacy that passives lacked dynamics wasn't evident, probably because the source had enough drive and the power amps were muscular enough. The best way of describing the differences is to liken it to a "veil" being lifted across the speakers when the passive was used comapred to the BP20.
At this point I would like to say the findings have been the same with different active all analogue pre-amps, this is not a bash at the BP20 cos the BP20 was the best amongst all the active all analogue preamps we tested. It is more of how good passive pre-amps can be, compared to active ones. The passive pre-amps are ruthlessly revealing though, so if your power amps or source or speakers are not up to the job you will hear it. Makes sense, cos a passive preamp is just basically a straight wire with some resistors and therefore much cleaner/shorter in signal path comapred to active pre-amps. Plus the price was so much cheaper!
It was after this that I turned my back on active all analogue pre-amps, unless they have some other function built in that I need/want, such as a DAC/processor ability. If you ever get a chance to try good quality passive pre-amps, try them and you may then believe what I have just posted.