Here's a hypothetical question that you may, or may not, find challenging:
Which of the following 2 options do you think (or know) would result in better overall sound quality?
Option 1
Replace your present system with a $3000 CAD budget system comprised of a second hand, 'bottom of the line' Bryston B60SST Integrated Amp with the DAC option (I sold mine for $1400 CAD) and Axiom's top of the line M80v3 floor standing speakers ($1300 CAD new). $300 is budgeted for cables and the source of your choice. If you use a computer as your source then the $300 is for cables and an SPDIF sound card (the B60 doesn't have a USB input). Everyone obviously has a computer so no need to include it in the cost. Plus...
Replace your entire CD collection with state of the art, rerecorded, remixed, remastered, 16 bit, 44.1KHz PCM audio, ripped and converted to 128kbps mp3s using the best engineers, equipments, techniques and protocols on earth to create recordings which are as perfect as humanly possible given the constraints.
Option 2
Replace your entire CD collection with state of the art, hi rez (24bit / 192Khz) versions of the original mixes used to create your collection. Plus...
You get $500 000 to spend on gear, room treatments, Mpingo discs, Shakti stones, 99.9999999999% solid silver core wire, acousticians, expert advice or anything else you think you need to build the best sounding system that $500K can build in 3 months (it can be a 2 channel system or a surround sound system extracted from the 2 channel mix - whatever you want).
Any unused money ascends back into the trees and cannot be used to buy more music, hookers, sports cars, vacations or home improvements.
Working Assumptions - For Both Options
1. You have at least 1000 CDs in your collection (all 16 bit, 44.1KHz)
2. CDs were all bought solely for love of the music not for recording quality
3. Your musical tastes cover the entire spectrum from classical to hard rock &
4. A real world distribution of typical CD recording quality from crap to amazing.
The Question
If the sole criteria is maximum sound quality at an enjoyably loud level, from song to song, in an average sized living room, from one listening position of your choice, which option would you choose and why?
Hint
I have chosen my words carefully but there's no need to micro analyze the options or assumptions. The answer is fairly straightforward.
modification - added 'For Both Options' to Working Assumptions