It is correct that an aftermarket DAC can offer improved performance over an on-board DAC in a receiver.If you're running optical into your receiver, it has a DAC, naturally. In the end all things must go analog. The point he's trying to make, however, is that most built-in DAC's are crap, for both receivers and other items (AX, your computers, etc). While I don't know personally how good the DAC is for your receiver, many people opt to go receiver -> DAC -> speakers to remedy this problem.
If you're just running stereo off of your receiver, and it has an optical/digital out, then I'd recommend the Super Pro DAC 707. It sounds pretty cheap, but in reality it has higher-grade components than most higher-priced solutions. If you need multi-channel however and you only have one digital out, you'll need to look at other pricier solutions. That is, of course, if you care enough about the built in DAC of your receiver.
However, your order of connections is incorrect. Signal path would be from digital source first to the DAC, THEN to the receiver, and on to the speakers. The digital signal would feed into the DAC, which would perform the conversion from digital to analog, and output an analog signal for the receiver to amplify. The receiver's output is amplified analog designed to drive loudspeakers. Putting a DAC between the receiver and speakers would not work at all.