Well, enjoy it. I agree with your methods all the way, I just use the poorer man's version.
Digital in to the eq, digital out to the dac is definitely the way to go. I'm sorry if I didn't make that clear, I definitely agree with you. I just hope your equipment's user interface and algorithms are awesome for the additional money. Its not the best, but I don't mind using the Behringer's small front panel display, and it has spdif in/out.
I hope to earn street cred with WMAx for mentioning Behringer 3 times