Originally Posted by The Lad Himself
I never fancied powering off and on as I heard it could reduce the life of the caps (probably wrong).
Electrolytic capacitors have a fixed life, linked to the operating temperature, typically 1000 to 10,000 hours at the max temp.
Plus you are using electricity for no reason, Meridian isn't known for it's low standby / quiescent power either.

ATB,

Steve