Yes, I appreciate my Rega P8, but you're right, Rega doesn't get any respect in the audiophile community. Maybe there's some valid rationale for that, as they don't subscribe to either major turntable paradigms: mass or suspension. I am very happy with my Rega P8, but it would be interesting to compare to a "higher quality" turntable to flesh out the differences: strengths and weaknesses, etc.
Yes, the FM223 is apparently in very high demand, and it is quite expensive, at about 3 x the price of the standard Ypsilon phono stage or 1.5 x the price of the SE version. I would imagine that the FM223 would be worth it, but for me that would be like going from a base Mercedes to a top of the line Bugatti -- perhaps I need to go to the upper level Porsche first? (less expensive than the Bugatti, but more performance than the Mercedes).