@ericsch - Not sure if you are prepared to get your "hands dirty", but here is an option that can work in your favour for less money.
Replace the Arm on your existing Rega with an Audiomods arm. They are superb and you can get it with a micrometer adjustment for extremely accurate VTA adjustment. Ask for the Absolute Harmony RCA’s to be installed
Get a Denon DL103 or 103r - superb cartridges on this arm
You can also get the cartridge "tweaked" by Soundsmith and a few other companies -
https://www.sound-smith.com/If you are very bold you can try this...
http://image99.net/blog/files/23c020f75290d3392577113371f4dc94-38.htmlIf your existing Rega has the plastic subplatter - replace it with a metal one like this
http://www.groovetracer.com/subplatter_groovetracer.htmReplace the bearing with a ceramic one - like this
https://dogoodaudio.co.uk/products/high-performance-ceramic-bearing-upgrade-for-rega-turntables-and-...Replace the platter with an acrylic one - like this
http://www.groovetracer.com/acrylic%20_platter_groovetracer.htmYour Rega will sound amazing with these changes at a reduced cost.
Here’s my old Rega Planar 2 with the mods I made - I even replaced the plinth.
http://image99.net/blog/files/category-turntable-mod0027s.htmlIt sounds superb and will be with me for the rest of my time in this hobby :-)
Hope that does not confuse things too much
Regards - Steve