Hi MrTennis,
We always, in our "aesthetic endevor", end up with more than just "some level of inaccuracy to the real thing" because even our best systems with the best software rarely come even close to this benchmark. So, things being as they are, the "subjective thing" has to come in with the necessary compromises we have to make and it is a this point, but only at this point to my mind, that your mantra (I think you know what I mean) makes sense to me. We need to make those compromises, which out of a number of necessarily unsatisfying choices will perforce lead to what we like best. Not so in evaluating stereo systems, here to my mind a benchmark is needed and the shortcomings need to be seen and if possible addressed to find that compromise which satisfies subjectively in the way you have mentioned.
As regards the wisdom of your phono stage designer:
Any system without PRAT, without rhythmic accuracy and that is something that CAN be done, is not even close to the SOUND of reality.
And again, I disagree with your mantra, stated in your last sentence. This is good for music lovers. They don't need audiophilia nervosa to enjoy what they hear. A table radio or car stereo will do. If however you belong to that rarer breed of not only passionately loving music and being an audiophiliac at the same time, you will be concerned with the accuracy of your rigs rendering "or lack thereof." You're a reviewer. You should be concerned. Otherwise you will lead people astray and not educate beginners. My benchmark for this kind of reviewing was the early Harry Pearson in the first 3-5 years of TAS. His benchmark were the venues where classical music was performed in NYC and Chicago and his preference for his favorite software let their prices skyrocket at the time by the way.
On one last word Mr. Tennis: I am sometimes addressed by my name in these pages, but you are the only one who continually gets its spelling wrong. Must be a Freudian thing. I love you too. (;