Quote:
Originally Posted by wazzles 
Hi,
I currently have Infinity C336 speakers hooked up to a Yamaha RX-797 receiver. I have a very beginner question and I wanted to know what value getting an additional amplifier does for me?
I was looking at the Marantz PM7200 as an example. Why do you need a product like that when my Yamaha already powers everything fine?
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Home audio amps come in three basic varieties. The receiver you have actually combines an amplifier, a pre-amplifier, and a radio tuner, all in one chassis.
Integrated amps jetison the tuner, and have an amplifier and preamplifier, again, in a single chassis.
Finally, there are power amps. These, as the name suggests, do only one thing: amplify sound. A power amp usually has very basic controls; most of the time, just an on/off switch and connectors for your speakers. No volume control, no tone controls, no source selector. Just amplification.
That's where the pre-amp comes in. Sometimes called control amplifiers, pre-amps have a volume control, tone controls and a facility for switching between different sources (tuner, CD player, turntable, etc.) When you connect a separate amp and pre-amp, they are often referred to as "separates."
There are several advantages to using separates vs an integrated amp or a receiver. Each component gets its own chassis and power supply, and can be separately optimized for its individual function. Housing the two components in separate enclosures also reduces the possiblity of interference between the two.
Another major advantage is that separates can be upgraded...separately. So you could, for instance, upgrade your amp or preamp without having to replace all of your electronics at once. That way, you could spend your entire budget at a given time on the best amp or preamp you can afford, and then save your money until you could afford to upgrade the other component appropriately.
Recievers and integrated amps also sometimes allow for partial upgrades. If a receiver or integrated amp has the neccessary inputs and outputs, you can upgrade the amp or preamp sections separately, just as you can with a power-amp/pre-amp combination. But the component in question must have the necessary I/O, as I said.
Which approach is best? At the nosebleed high-end of things, where individual components can easily run into the tens of thousands of dollars, you will almost always find separate power amps and pre-amps. Some mid-level systems may employ an integrated amp or receiver, but again, not as often as separates.
At the low end, where most people (including me) live, you will much more often find receivers, though there are reasonably priced separates for almost any budget. If we are talking about less than $1000 for your amp/preamp combo, there are many receiver choices that will compete gamely against separates.
So, to finally answer your question: it depends.

First of all, if you are happy with the sound of your Yamaha, there may be no reason to upgrade your amp at all.
If your receiver doesn't allow you to connect an external amp or pre-amp, you can't add an additional amp at all. If the necessary connectivity is present, on the other hand, you could probably improve your rig, and start on your way toward audio-induced poverty, by upgrading to a better amp or pre.
You could, of course, just upgrade the entire shooting match by buying either
--a better receiver, or
--an amp and preamp that together will out perform your current receiver.
So in sum, you first have to ask yourself if you feel a need to upgrade. Then, you need to determine what upgrade options your receiver gives you, and proceed from there.
Quote:
Originally Posted by wazzles 
Also one other question. What is a headphone amplifier? Like the musical fidelity X-can V3 AMP as an example?
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Headphone amps are just amplifiers that are optimized for driving phones rather than speakers. They are almost always far less powerful than speaker amps, since phones (again, almost always) need far less power than even the most efficient speakers.
There are a couple of reasons to consider a headphone amp. First of all, some phones, especially higher-end models, require separate amplification in order to sound their best (or in order to sound good at all in some cases.) The headphone output on your iPod or that Yamaha reciever may not do the trick.
Second, the headphone jacks on most portables and home equipment are not very high quality. The headphone jacks on most home equipment are included as a convenience, without much regard to good sound. Most often they are actually low-grade headphone amps, that are completely separate from the main amplifier on the receiver or amp. In other words, most integrated amps and receivers treat speakers much better than they treat headphones. That is by no means a hard and fast rule. Some amps and receivers, particularly vintage models, offer respectable or even good performance.
The bottom line, I think, is deciding how satisfied you are with the sound you currently get from your equipment, and how much you would consider spending to do better. Some people upgrade and are blown away by the results; others hear a tiny difference, or even none at all.
Keep in mind, if you do decide to take the plunge, that an oft-repeated phrase around here is "sorry about your wallet." The urge to upgrade can, in some people, become uncontrollable, leading to a chronic condition called upgradeitis.
Good luck, and have fun .
Edit: Oh, and one more thing. This post is just a very basic introduction. This site offers a wealth of information about just about any audio topic you could imagine, including amps. I urge you to spend some time searching the site.