I heard this notion for the first time yesterday. I thought the advocate for the source being the single most critical component was an idiotic outlier.Some 40 years back, in the UK we had that source first philosophy and I’m quite happy to defend it as it was then. Small speakers can still show differences between badly and well engineered turntables or cassette decks.
And yes, source first is still absolutely, definitely, 100%, totally right. The only thing that’s changed is the relative cost of a near-to-perfect source.
I had no idea that this was a more widely held philosophy.
I get your point that even an Auratone can show differences in poorly performing sources such as a cassette deck or a turntable with rumble or a inexpensive nonlinear cartridge, but the difference in sound quality between the best and worst turntable is a much smaller delta than between a very ragged poorly designed bandwidth limited speaker and a truly state of the art speaker design.
And today, the difference between the lowest cost CD player or streamer and the best is subtle at best and possibly inaudible depending on the choices. I assume you would agree with that statement, so then how can you say "source first is still absolutely, definitely, 100% totally right."?
Since the differences between fair to excellent sources are less dramatic than the differences between a crap speaker and a truly high fidelity loudspeaker, I can't follow your logic.