Well, it's complicated. I have a Headroom Blockhead, which has just one balanced input. I also have an integrated amp, but that has no balanced outputs that I can use.
So when I'm listening to the headphones, I currently have no way of getting phono into them. Now I could buy a preamp with multiple balanced outputs, but that's going to be expensive at the level of performance I'm interested in. So I was thinking about just letting a DAC take care of the "preamp" functions for my headphones (my TT isn't terribly fancy, so I can live with the extra AD conversion for headphone listening).
In other words, I'd rather sell my CD player and buy a Belcanto DAC3 and Phono Box USB, rather than spend $2k on a fancy balanced preamp.