Audiofeil,
In my comparison, it was definitely not so cut and dried, in either direction. Perhaps my sample of the Technics was compromised in some way, but not that I could tell. I used the same cart, mat and record weight and mounted both on the same VERY isolated platform, and the result was points in both directions. The Technics was smoother but not as clear, fast or dynamic. The Rega was edgier though. Speed stability, is another matter, and obviously a point in favor of the Technics.
There are so many variables with vinyl and, as I said above, a better comparison would have been to use the same arm as well, and perhaps a better cartridge, not to mention more time to tweek.
