I have started with separates, went with a receiver by itself, then added a separate 200wpc amp to it, which gave me a huge boost in sound quality. Now I have come full circle & am back to all separates. I will never go back to a receiver by itself. For ME the separates have superior sound.
If you want to have all the latest & greatest technology, get a receiver that has preouts & get the 200wpc amp to add to it.
If you don't need all the latest & greatest, get the separates you are looking at & don't look back.