That's actually what I was thinking of suggesting. You just got Nottingham, set it up, see how it sounds. What if you will want to upgrade your phono stage to make it right, or replace the Shelter cartridge it will come with ? I always do one source at a time.
orpheus10, you were helping with cassette decks because Kevin asked for an advice. He also has a lot of recorded tapes to play.
As for open reel decks ebay prices, I would say you need at least $1k to get Otari or better Revox, then you would have to pay a few hundreds or more to have it serviced, plus blank reels and plus good cables, XLR in case of Otari. I will not approach all this until I have at least $2.5k to spend. And Studers are usually around $5k or more, condition unknown.