I have the Hana EL, and I agree that it is the new Denon 103 and better. Go for a Hana EH, there should not be a very big difference in performance to the EL. Or get a SUT so you can have the EL.
If your friend changes his mind and would consider a vintage MM... I have the Technics EPC-205C MKIII with the original stylus and a JICO SAS. It is very good, and today you need to spend a lot to get the same performance. It is neutral. The EPC-100C is a step up.
If your friend changes his mind and would consider a vintage MM... I have the Technics EPC-205C MKIII with the original stylus and a JICO SAS. It is very good, and today you need to spend a lot to get the same performance. It is neutral. The EPC-100C is a step up.