In my case, I've opted when adjusting volume digitally, to use my DAC (W4S DAC-2)
Thus the "Volume Mode" In MC is disabled in my case.
I did this more out of superstition than anything, 'assumption being my DAC (Saber 32) digital volume control would meet or exceed what MC does internally.
I'm for sure not a math expert, but assuming both your DAC, and MC, use 32 bits and do the math properly, on paper it should not make any difference.
On the other hand, audiophiles are a strange breed, (I am one) I'd suspect like most things audiophile related, you'll get claims on both sides.
I'd probably lean towards the one that is the most convenient at first, then after getting used to it, swap to the other means and see if you can detect any difference.
OBTW
I use MC for audio only. I currently actually have both MC and my DAC's volume controls disabled and use an external analog preamp. The reason for this squrely fits within the realm of audiophile-nervosa on my part.