All the guys here will tell you to use the built in eq in the new receiver. I however strongly disagree with the claim of some if the folks on here. Built in sounds flat, component external eq boosts the quality to my ears. I have listened to Pioneer, Yamaha, Marantz, Harmon Karon, Onkyo, Kenwood, Denon, Jvc, Fisher. Avr, Amp separated, Bluetooth, Cd, Streaming, tape, live, phono, etc. 2 channel, vs x.1, x.x.x whatever... It all sounds better through a graphic equalizer. Get your rca splitter and keep the gear. 400 can get you a really bad ass receiver of you are willing to buy pre-owned. The Denon or Yamaha these guys bought 4 years ago will be possible. A 4 or 5 year old Ferrari is still a Ferrari. In fact one of these guys probably is dying to go buy a new one, get his x3400h and rock it.