I find it varies - with some items you thought would make a difference not doing so and others taking your breath away
I started in this house with a 'good system' which sounded rubbish. LP12/Aro/Karma, Naim 32.5, HiCap, 135s, Isobariks mostly on Mana
My unscientific path was.
Tidy up the mains and earth - fabulous improvement for not a lot of dough
Mains cables next as they were my focus. I didn't think they would work and was staggered when they did.
I carried on upgrading mains cables to the kit and continued to be staggered by the improvements.
Interconnects next, some staggering improvements and some not so big. That didn't seem to make sense, perhaps 80:20 on the price:benefits
Then some kit upgrading mixed in with mains cable and interconnect improvements.
Some items were ok, some were much bigger than expected
The big ones for me (there might be others I've forgotten)
Achromat on the Technics
PS Audio P10 Mains regenerator
The Ultimate mains cables
Yannis interconnects
There are many others and my system now sounds very good, 'satisfactory' perhaps.
More upgrades to come though !
TAD CD / DAC / Pre, Technics 1210, MCRU PSU, Mike New Bearing & Platter, Stillpoints LP1 weight, Speedy Steve Ebony armboard, Fidelity Research FR64FX arm, Ortofon SPU. Aurorasound VIDA Phono Pre Amp, TAD Power Amp, TAD E1 speakers. Coherent RTZ 3 Grounding box, Coherent grounding cables, Creaktiv racks. Coherent Mains Cables. SR Blue Fuse. Interconnects : Coherent and Yannis 223.5 Connect Litz. Coherent speaker cable. Audio Magic Transcendence Conditioner. Coherent mains socket. Mains Filters : , PS Audio Harvesters, Russ Andrews Purifiers, Tacima, Vertex. Black Ravioli and RDC supports. Electric Beach S1NX platforms for TAD CD and Technics. Ferrite chokes everywhere except the above. Ears, brain
Mike