That is true as the preamp section can degrade the signal. Unfortunately, as Dr. Rich called them out(including D&M, Yamaha, some Onkyo/Integrated) a few years ago, that they typical used LSI (large scale ICs) in their AVRs, AVPs, and even the lower range integrated amps for volume control/preamp, rendering their audio specs more or less the same if used as prepro/preamp, in pure direct mode.