How does it do that? How can a preamp enhance what comes out of a DAC? All it can do is attenuate the level. Why can’t a DAC have a level control every bit as good?
OK I have explained this before, but I will explain it again:
1. The DAC is an incredibly noisy device and produces a lot of digital noise which pollutes the power supplies within the DAC
2. The DAC will in most cases use the same power supply for the processing D to A data as powering the output buffer in the DAC, assuming it has one. It should do if it is a good design.
3. The output buffer stage in the DAC has zero gain, as most modern DACs output 2 volts straight out of the D2A chip(s). These output buffers are feedback devices, which is not good for great audio sound. Yes, you get a low impedance output but the audio performance is heavily compromised, as in compressed soundstage width and depth.
4. There should be seperate analogue power supplies, one for the DAC processing and one for the analogue output buffer. This is rarely done due to the cost involved.
5. A good preamplifier will provide superior dynamic range, better deeper bass and a wider and deeper soundstage.
6. Probably one of the biggest draw backs of a DAC/preamp and using it as a preamplifier is its digital volume control. This has been done to death on here so I am not going to bother to cover it.
A good analogue preamplifier will have a separate power supply which will not be polluted with digital noise.
A good analogue preamplifier should have gain matching on the input and on the output, so gain should not be an issue.
Assuming the preamplifier has a very good power supply this will feed the one or two stages perfectly, allowing these stages to work optimally in the range they were design for, allowing the very best audio performance to prevail. You get better deeper bass, lots of good detail and a significantly better soundstage, both in width and depth, as well as a very realistic sound which sounds more like the real thing.
I could go on but I will leave it there. I am sure it will give those an opportunity to experiment and draw their own conclusions.
Is less more, well that depends on how it is done. I have never found the sound from a DAC/Pre driving a power amplifier to give the best and most natural results. Anyway people can try it and see which they prefer the sound of.
Over the years I have told quite a few clients to set their DAC's output to the "fixed" level setting, effectively taking the digital volume control out of the circuit, then use a good analogue preamplifier for the gain stage/output buffering. I normally get a call weeks later saying I can't believe adding an extra box can make such a positive improvement to my audio system.