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In my experience it goes1) speaker choice, and that speaker properly chosen for room size and placed with some care.2) very, very close to where it's almost a tie: choice of amplifier.3) Room Treatments. Again, very close in importance to the top two, but a clear 3rd.4) DAC/PREAMP, whether seperate or integrated. I do place Preamp above DAC, however.5) Source player (often just a transport these days). 6) power conditioning (many modern devices dont even really need this and it can actually be a detriment, external conditioning)7) so distant from position 1 as to be almost irrelevant : cables, interconnects.8 ) so far from position 1 it's Pluto far out, "system synergy", rubber footers, spikes, magic ceramic bowls, crystals in your power box, chakra points, gold connects, rhodium receptacles, etc. Some of this is useful, but it's ultra fine tuning type stuff to the point where you are probably just fooling yourself.
It's a system and any part of it is capable of making it sound miserable. Weakest link and all that. Everything is equally important imo. So the most important part is whatever is holding it back the most.
As a given, all the components need to be functioning correctly and have an accurate output.This is not always easy with digital/DSP products. Some seem to have a mind of their own. They may not be outputting what you think they are outputting.Top Level:1] The room and it's treatment2] The loudspeakers3] A power amplifier that is well suited to drive the above loudspeakers2nd Level1,2,3] Phono cartridge, pre-amp & tone-arm that are compatible3rd Level1] Pre-amp, receiver or control unit needs to be able to input all your different analog and digital inputs.4th Level1] Most of the other components2] AC power, signal interconnect & speaker cables and cords need to be at the Blue Jeans Cable quality level.Basement1] The list is way too long to even start.
I mostly agree with your assessment. My one delta would be to place the preamp on the top level with the power amp.
In order of importance, IMO:RoomSpeakersAcoustic TreatmentsSource (ie, hirez or vinyl or standard rez)AmpsPreampEverything Else