Hi Folks,



I am currently investigating a new home system and some of the questions I have are with respect to digital audio. My questions are:



1. All other components remaining equal (speakers, amps, preamp, etc.) is there any loss of audio quality in playing a FLAC file vs the track from a CD?



2. If there is a noticeable loss then what CD player would you recommend for a $1000 budget.



3. If there is no noticeable loss and I were to convert all my CD library to FLAC files and store them on a network accessible media server what source component would I use to stream this through my system - again keeping the budget to $1000?



4. Are there quality sounding CD players (first and foremost for CDs) that would allow the FLAC files to be processed through it and output to the preamp?



The system I am looking at would be comprised of the following:



Odyssey Stratos HT-3 Extreme

Odyssey Khartago 2-channel Basic

Odyssey Lorelei front speakers

Outlaw 975 AV Processor



If you require any additional information to respond then please let me know.



Thanks for your assistance!