I had the Panasonic XR55 receiver in my home and hated it. That was the one everyone was raving about when it came out. My wife summed it up best when she said it sounds annoying. Tone was way off to my ears, especially in voices. It had a respectable amount of power, but it didn't matter to me. If the first watt sucks, why have 99 more? A THD rating of .9% is a bit high if you ask me. Knowing Panasonic's way of doing things, their specs are probably best case scenario. 100x7 into 6 ohms at .9% THD shouldn't really be trusted. What frequency was that at, or is that an average over 20-20k hz? Most companies manipulate rate their specs to help sell gear.
As you said, not all watts are created equal. I've heard lower wattage amps run circles around higher wattage ones. When I had the XR55, I also had a NAD 320BEE (50 watts). The 320BEE ran circles around it. The XR55 went a db or 2 louder (not scientificlly measured), but that doesn't mean it sounded better. They 320BEE retailed for $400, so it wasn't a night and day price difference.
If you want to hear how powerful a lower wattage integrated amp can sound, listen to a Naim Nait 5i (50 watts) or a Bryston B60 (60 watts). There are a ton more, I'm just throwing out the first 2 that came to mind.
As far as better power going into the receiver, I doubt it'll help much. I wouldn't waste time replacing caps, somehow using battery power, etc. I'd instead look into a better integrated amp/receiver.
A lot more integrateds are have internal DACs available. In addition to what you named, the Naim SuperNait and Unity, Bryston B60 and B100, and SimAudio integrateds have them. All these sound phenominal to my ears. It depends on preference and budget.
The Peach Tree integrateds have a DAC, but I haven't heard them, so no comment.
Don't limit yourself to an integrated amp with an internal DAC. There are a ton of excellent sounding integtareds without DACs, and a ton of great sounding external DACs out there.
Your Emerald Physics deserve a far better amp and source than you're currently using IMO. I think more power from the Panasonic won't be the answer, nor will a better Emeral Physic. The best any speaker can do is reproduce what its given. No speaker will fixed a bad signal, nor should it.
Sorry if I'm bashing the Panasonic.
As to the original topic, upgraded power supplies can make a very good improvement, provided the gear is good to begin with. Naim and Cyrus are great examples of companies that sell upgraded external power supplies. Turntables also benefit a lot of external power supplies.