There are lots of people and discussion that have gone the route of setting up a Home Theater Bypass setup to run DAC's for their 2 channel listening... in which they can use a decent generic preamp or receiver for their HT and then bypass it to run an external preamp or outside DACs for a better 2 channel experience...
I myself wanted to doubt the improvement as if there would be any change or was like you say sholling no difference then expensive cables... It was truly night and day difference. Nuance and I both had the opportunity to check out a friends setup with a Yamaha receiver, external amp and a
Parasound 2100 hooked up to his Sierra's... The sound stage improvement was exceptional, at the push of a button, you could go from the Yamaha feed out to the speakers and then through the DACs in the Parasound, it was night and day, and I am a huge skeptic of smoke and mirrors. There is no question in my mind that the Parasound sounded far superior to the Yamaha. Wider - Deeper, fuller sound stage....
Of coarse not all external DACs are going to be good or great or maybe no difference at all.