I’ll share some thoughts, the thread caught my eye as a fellow S400 owner.
On the AVR route, if you’re going 2-channel you don’t need an AVR. This is only when you have more than 2 speakers, usually a center speaker and/or rear speakers. The S400 image really well, I have no need for a center speaker to lock speech in the middle. If you want to future proof your setup, get an integrated amplifier with a direct in (this skips the integrated pre-amp and goes directly to the power amp) so you can put an AVR in front of it when you want to go multi-channel some day. Good multi-channel is, in my opinion, even harder (and more expensive to do right) than 2-
channel, better get a decent 2-channel setup than some mediocre multi-channel.
On the room correction, it all sounds nice on paper, the solution for all your room issues. In reality it only works well to control room modes in the bass, if you mess with the middle or upper frequencies, things start to sounds wonky sometimes. There is already a nice toolset in Roon for adjusting frequency response and even upload convolution filters. If you want to adress the room and you’re using Roon, convolution filters are the answer, not Dirac or whatever. My DAC is on the lean side in bass so in my setup I’ve added +3DB bass shelf with Q0.8 starting from 85Mhz to fill things out a bit.
On connecting a TV, if you have AVR, HDMI eARC is the way to go but for regular 2-channel I get best results with RCA out from TV to RCA in on amplifier. I’ve tried SPDIF into a DAC but to my ears its better directly from the TV. My 2 cents on this is that the internal DAC from TV is focussed on keeping the audio true and aligned with what you see visually while a regular music DAC is more focussed on technicalities like detail retrieval and transients and such, less on the combined experience with video.
On a more general note, the S400 MK2 are pretty transparent so they will show you what you feed it, good or bad. I would put my money in a good quality amplifier and then a quality source. Whether that source is an integrated amp with a streamer or maybe a poweramp with a streamer/DAC with volume control, that doesn’t matter, as long as they give a quality signal. I would avoid class D or hybrid designs, the S400 respond well to a class A/B amplifier that is organic, slightly on the warm side of neutral with some detail on top. I’m thinking Rega, Naim or maybe Atoll if you’re in EU. I would avoid NAD, Cambridge Audio & Marantz, for me they are not a good fit with S400 but taste is personal off course.
There are many streamers coming out this year so it might we worth to wait it out a little and see what the market will bring. On the cheaper side, the Zen Stream might be the source with hightest quality, other good option for Roon endpoint is building a Pï streamer. If you’re looking for a DAC, the cheapest DACS that really add something and sound different than the rest are Denafrips Ares, Schiit Bifrost, Chord Qutest, Merason Frerot of which Schiit Bifrost has the most natural presentation. Cheaper DACs all sound the same to me, the differences there are filters and features, not so much on sound quality. If you want to take the next step you’ll need to spend +2.5k on a DAC. What you’ll get when moving up in DAC’s is better detail retrieval and better spatial presentation, noticeable but no night and day stuff and your whole chain needs to be of adequate quality to show the differences.
There are some good deals on Rega and Naim amps at the moment because they released some new revisions… maybe worth checking out.
Also keep in mind to use decent cables, buy mogami or belden pro cables if you’re on a budget. I would avoid the cheaper lines of the audiophile brands, makes you wonder what you’re buying when they have +10 product lines that are supposedly “better”. Important when driving 4 Ohm speakers is that you use thick speaker cable, at least 4mm² (12 AWG), or it can sound lean and thin.
In case you’re wondering, my digital chain is EtherRegen → Sotm SMS200 Ultra Neo → Mutec MC3+ → Aqua La Voce S3 → Rega Aethos → S400 MK2
Hope this is food for thought, enjoy the music.