Mordante,
If you heard it at the show in Holland as per TW, the Black Night & AC did not all have the same cartridge & tonearms. In addition, matching phono stage to cartridge was an issue. I am going from memory here, but that is what I remember him saying.
On a different note, the Raven One is that good. A great value and every time I have heard it next to an AC it comes pretty close, especially in show conditions. But don't all us audio fools spend tons for the last bit of information. And is source king or is it the speaker, etc etc? It really depends what level you are going in.