Cerrot, that's interesting because your experience with the Technics vs Project is completely opposite of mine. I found the light Project arm to be difficult to match with cartridges that offered strong value, the arm was difficult to properly adjust the VTA and anti-skate, and the turntable itself was extremely sensitive to vibration. With the same cartridge, the Technics sounds so much better to me, and gave me a much better signal-to-noise ratio. I also previously had a Music Hall table (similar in many ways to the Project), and it couldn't hold a candle to my Technics. Which mods did your "highly modded Technics" have that didn't do as well as the Rega?
The original poster asked about a Rega P3 and a Clearaudio Emotion (neither of which I've ever listened to). I'm sure both would work just fine, as they get good press. As for budget phono stages, it depends on how much you want to spend. On the inexpensive side, the Parasound zPhono is a good value for around $100, and the Acurus P10 and Musical Surroundings Phenomena are a little better for a couple hundred dollars more. The Dynavector P75 also gets good reviews.
Best of luck,
Michael
The original poster asked about a Rega P3 and a Clearaudio Emotion (neither of which I've ever listened to). I'm sure both would work just fine, as they get good press. As for budget phono stages, it depends on how much you want to spend. On the inexpensive side, the Parasound zPhono is a good value for around $100, and the Acurus P10 and Musical Surroundings Phenomena are a little better for a couple hundred dollars more. The Dynavector P75 also gets good reviews.
Best of luck,
Michael