Yep, sure does. In stereo bypass mode, the 950 is using the analog inputs without applying and analog/digital conversion of any sort. The source device (CD, DVD, turntable, whatever) is responsible for the digital to analog conversion (except for the turntable, which never left the analog domain, of course). Using stereo bypass with two different sources will act as an excellent way to compare the DACs in those two units, since it takes the 950's DACs out of the equation.

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