Much experience with the Pharaoh I, just heard the II at AXPONA this past April.
The sound signature seemed mainly the same. Bass heavy, lack of transparency, relatively unrefined midrange and treble. I thought it was the worst sounding room at AXPONA as mentioned live on another forum.
Of course speakers matter but so does the amplifier.
The Cronus Magnum III can sound highly transparent, dynamic and with a high end refinement that never fatigues. A little judicious swapping of the small signal tubes with NOS and it becomes even better.