Steve,
On an inexpensive player I would definitely agree with you. Taking the signal right off the DAC board, running it through some 1uF coupling caps to the output RCA's is a great tweak, and I've done it in the past on some cheap DAC's and players.
However, a good output stage definitely beats this option hands down. Of course, it costs more to build a good output stage.
Are you talking dac board, or dac chip? What brand player are you using with a 1uf output cap? I think we may be talking two different mods as a dac analog stage has problems, no matter the brand.
Something is amiss with a 1uf output capacitor.
One is losing 12% of the bass at 20hz, 6% at 40hz, 3% at 80hz with a 100k load.
With 50k load, 24%, 12%, and 6% respectively,
With 25k load, 48%, 24%, and 12% at 80hz.
As one can see, a 1uf creates some problems, or the analog stage has some severe problems.
Cheers.