sorry 'bout that ... I guess in the 70's ELP, Yes, Genesis never left my Technics TT, 'til I discovered Springsteen back then. Perhaps, my current love of Radiohead and post-Radiohead bands was based on that early diet of PROG.
Anyways, given the limitations of the early recordings, poor transfer to CD etc., you really will need to audition many of your favorite recordings on any potential components, rather than rely on other opinions. At the budget you're looking at, you will quickly discover that some of your favorite music may not be listenable at this level (unfortunately). If you really are into stuff from the 70's, a very good TT will be likely necessary along with pristine albums. But, in the end you want to listen to as much as possible when you audition, as you would hate to spend that much and find that half of your albums or CD's are unlistenable once you make your purchase. (I would often take 30 or more CD's for auditioning to really see what certain equipment was capable of ... perhaps, it drove some owners crazy !!!!) As well, remember that your own tastes and preferences can change and I wouldn't want to completely pigeon hole my system for a single genre or a few artists, in case you discover newer musical tastes.
From my own experience ... I know many people thought I was crazy looking at some of the equipment I auditioned, as alternative rock, and rock are not felt to be worthy of such equipment by some. In the end, I am amazed how listenable most of my stuff is on my very revealing system. As noted above, the size and budget of the artist is often inversely related to the quality of the recording. I mean it can be tough listening to most U2 CD's (despite their millions and great producers [e.g. Lanois, Eno etc.]), yet some of the low-fi recordings from many alternative artists are just beautiful to hear through my Kharmas even though they were recorded on a shoe-string budget in some basement.