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What model are your monitors? If they're half way decent and you REALLY know how to listen on them and know you're getting the best from your source, then your decision could go either way, otherwise, I'd say monitors all the way - plenty monitors you wouldn't even hear the difference between two convertors, and although the quality of the conversion will be on your recording, your ears haven't had the benefit of hearing what you are recording when tracking - you're only guessing. With decent monitors you won;t have to think twice about whether the sound you're getting from source into your DAW is the sound you really want - you'll have the benefit of hearing what your room, the mic, your eq, your compressor and finally your convertors are actually doing to your signal on the way in, and give you the opportunity to adjust anything you don't like.
If anything I reckon monitors are more important when tracking than mixing - as the above poster mentioned, many engineers have learned to mix successfully on NS10s and Auratones (although not often as their ONLY monitors), but usually in tracking they'll have the benefit of some decent (mostly uncoloured) monitors. In my mind, this makes it more important to get the monitoring as good as possible before upgrading your converters.
one more thing.... if you're working for clients rather than yourself, you'll get a lot more WOW factor from the look and sound of some quality monitors than you will with a shiny new AD box
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