Taters, Funny that you would mention Rhea as I own one, along with its twin the Calypso linestage. Truth is they are not cheap yet the sound I get from the pair rivals anything I have heard including the top of the Aesthetix line (i.e. Callisto/Io Signature) for the money. I have not heard the Ph-5 in a head to head with the Aesthetix gear but from my recollection of the ARC these dealers are doing just that... dealing (or blowing smoke) but, you should listen for yourself. As for what Rauliruegas commented about the technical aspects of the transformer leaves me somewhat baffled in that, "several layers of vailing" was not evident in my listening experience what so ever, your trading some of the characteristic high current of a moving coil for voltage gain through the transformer and keeping the noise levels down compared to an additional tube stage. Sounds like a good trade off to me. I don't pretend to really understand amplifier design configurations so... besides it all comes down to the "EARS" and listening in the end. True enough, the 834P is a modest 20db gain stage so logic would have it that there is some limit on cartridge choices. Whatever, there are plenty of beautiful cartridges at the mid to high moving coil output range that are consistent with the investment of this phono amp or even say a Lyra at twice the Ears price would perform exceptionally IMHO. Cheers!