I am looking to upgrade - looking for advice

If you don’t know where you are going, any road will get you there….

As @soix so often asks what sonically are you looking to improve ?…..

IF it plays loud enough and can handle the speaker load , amp is the LAST thing i recommend….. i know… big…beefy… heavy… easy sell …

IF you don’t plan on playing records beyond the currently hip fad, as @ghdprentice points out, don’t invest further. IF you do, then you need to focus on transducers - cartridges …. your table will support and reward possibly up to an Ortofon Bronze ( just an example )…. after that work on the other transducers ; speakers….

Finally…i consider a DAC a convertducer… zero or 5 volts into an AC musical waveform. The Node has a servicable DAC but there are many much more musical in the $400-$1K range….

...and remember to channel Joni in the midst of it all....

"....We're captive on the carousel of time
We can't return, we can only look
Behind, from where we came
And go round and round and round, in the circle game..."

...or, on the darker side of the street...from a Velvet, underground...;)

"I'm feeling good, you know I'm gonna work it on out
I'm feeling good, I'm feeling so fine
Until tomorrow, but that's just some other time"....

Audio is just another addiction....coffee, sugar, keyboards....*L*

I would improve your signal sources first before changing components. The Rotel/Parasound gear is competent and capable of revealing sound quality! Look for improvements in your analog and digital gear. At the receiving end the biggest improvement is always the speakers. Maybe you are tired of the B&W 705 S2 sound? All speakers are flawed devices! If budget allows you could move up to a more expensive pair of B&W’s with fewer flaws, like the 800 series.

You could get a new DAC like a Topping D30 and use the Yamaha CD player as a transport. The Project TT is an entry-level product. Even the Pioneer PLX 1000 ($699) is significantly better! Cartridge choice is quite important here, along with the phono stage. An easy recommendation is a Hana SL ($700) mc into a Schiit Mani 2 ($160) plugged into an aux input on the Rotel preamp.