I agree that both preamplifiers are can't lose propositions. The Cary has several particular intriguing aspects.
1 A separate high quality robust power supply.
2 Utilization of the terrific 6SN7 which provides far more choices than the 6H30 in the ARC Reference (If tube rolling is appealing for you).
3 The Ultimate upgrade package is said by many to be a very worthwhile, cost effective and quite meaningful improvement of the power supply and signal path coupling capacitors.
Charles