I have a Soundsmith Sussurro MkII (just below the Hyperion in their range) and the MP-500 is easily better in my system. It is also clearly better than the Grado Statement 3 that I also have. I'd say it is just a bit better than the Ortofon Cadenza Bronze and Kontrapunkt C. The London Decca Reference can best it though.
But that's my ear and my system.