So keep in mind that the PS Audio Powerplant 300 can really only suppport about 210-230 watts output. The 500 doesn't exactly do 500watts, so check that spec.
Read this review...http://www.hometheaterhifi.com/volume_9_4/simaudio-i-5-amplifier-10-2002.html
"Another feature of MOON amplifiers design is a custom proprietary toroidal transformer that has a lower magnetic, electrical and thermal loss, resulting in a claimed much better power transfer. Consequently, a lower regulation factor is achieved which basically is saying that the transformer can supply power with only a 6% fluctuation, while you can expect 15% to 20% in common transformers. While I had the i-5 plugged into my PS300 Power Regenerator the entire time, it probably did not make any difference at all. Actually, the transformer in the i-5 probably makes a Power Regenerator redundant, even one of the P300s caliber. As explained by an engineer who works with me, whose work involves him with power regulation at industrial levels, in the case of a power amp it is better to have your power regulated in the DC transformer than in the AC supply coming in"
So it sounds like your integrated won't benefit from the regeneration.. I'm sure it will reduce noise on the line but the question is how much.
I've never used a my PS Audio's on a turntable, so you need to post this question for some Michell owners as to whether the HR powersupply works better than the PS Audio. Hopefully someone will answer. One of my friends had a technodec and he asked his dealer should he upgrade from the RB250 to the Technoarm or go to the Gyro and the dealer recommended the HR powersupply as making the bigger difference. He has since bought a Gyro now with the Technoarm and the improvement was pretty small in his opinion.. so the dealer might be right about the powersupply (I can't listen to Rega because of the speed stability problems)
I upgraded to a turntable with a built-in regenerator Clearaudio Ambient which has their Syncro Controller built into the motor and I must stay was a huge step up to this table.