Was surfing on the net while listening to a great Sain San (sp?) piano concerto on my rig. Came across this review that may be of interest to the OP and others:
http://www.chattelin.nl/fckfiles/files/Audio%20Research%20Review%20HiFI.pdf
Interestingly, the reviewer interviewed Warren Gehl, ARC's official listener, and Ward Fiebiger, ARC's chief engineer responsible for ARCs technical designs. Warren Gehl was quoted as saying the following:
"For while the two amplifiers [GS 150 and Ref 150] share many common aspects, there have been numerous parts and layout changes which affect the sound. By contrast the GSPre is really more a hybrid of a variety of products. Performance-wise, it nears the sonic capabilities of the Reference 5SE preamplifier and the PH8 phono preamplifier."
Consistent with those comments, when I was deciding whether to upgrade my Ref 150, I asked Kalvin Dahl at ARC how the Ref 150 SE and GS 150 sonically compare to each other. Kal told me that the two amps are roughly equivalent. He added that while the GS 150 may enjoy some very subtle sonic refinements over the Ref 150 SE, the differences are really very, very minor.
As I posted before, I think the SE upgrade to my Ref 150 made a significant difference. Not sure exactly how much related to the KT-150 tubes or the circuit changes (maybe 50/50), but the SE is better for sure.
Oregonpapa is still in 7th heaven with his Ref 75 SE. Check his posts.
I agree with Lostbears comments. I surmise that the Ref 5 SE may morph into a Ref 6 that enjoys some of the trickle down refinements of the Ref 10. Same as with the Ref Phono 2 SE viz the Ref 10 Phono.