04-30-08: PiedpiperI'm curious as to how the Technics was accessorized and platformed, such as the fluid damper, clamp, outboard power supply, etc. I definitely appreciate your comparison of the two, as real side-by-side comparisons of equivalent-cost belt drives vs. the Technics are hard to come by.
A more relevant comparison (quality-wise) would be the 1200 to the newer, more expensive P3/24 which has much more potential for, and worthiness of, upgrading. In my comparison, posted elsewhere here, I mostly favored the P3/24. I would characterize the difference that I heard as more transparency and liveliness but a bit bright and edgy, compared to the Technics being more relaxed and opaque; just one controlled but somewhat limited shootout. I sell both.
You could trick out an SL1210 from Musicians Friend with KAB's tonearm rewire, fluid damper, and Isonoe feet (or most of the way on the outboard PSU) to bring the expenditure to the same level as a bone stock P3/24.
It's interesting that you found the Rega bright and edgy vs. the Technics sounding more relaxed. Usually it's the DD TTs that are characterized as bright and edgy.
In my experience with the Technics, the Sumiko headshell, vibration control platforming, and the right mat make a big difference on transparency.