As the owner of a P3 (with a Michel Tecnoweight and Funk Achromat, both of which are significant upgrades on stock) and being the owner of a $1k CD setup I have to say that I don't think a P3 could compete with a decent $3k CD player.
The P3 is IMHO a great deck, but not good enough to compete with a $3k CD player.
IMO My Marantz CD67->Monarchy DIP classic->Monarchy 22A is better than the rega. The reason I don't upgrade the rega is just that I don't want to spend the money at present.
If you're serious about getting into vinyl (and I think it's a mistake, personally) I think you should be looking at decks like the NA Spacedeck, VPI scout as a minimum.
The P3 is IMHO a great deck, but not good enough to compete with a $3k CD player.
IMO My Marantz CD67->Monarchy DIP classic->Monarchy 22A is better than the rega. The reason I don't upgrade the rega is just that I don't want to spend the money at present.
If you're serious about getting into vinyl (and I think it's a mistake, personally) I think you should be looking at decks like the NA Spacedeck, VPI scout as a minimum.