I basically agree with you, Zd, with the slight qualification that if the overload is not occurring in the phono stage, but is occurring in the LS25 in circuitry that is ahead of the volume control, it is possible that a different preamp would not overload under the same conditions. Per my earlier post, we don't have enough information to be able to say whether the overloading is occurring in the phono stage, in circuitry that is at or "after" the point where the gain adjustment is located, or in the preamp, in circuitry that is at or before the point where the volume control is located.
Also, I would note that while the distortion may remain constant relative to signal level as the volume setting is reduced, depending on its frequency components and on how severe it is it might be harder to perceive at lower volumes, as a result of the Fletcher-Munson Effect.
Best regards,
-- Al
Also, I would note that while the distortion may remain constant relative to signal level as the volume setting is reduced, depending on its frequency components and on how severe it is it might be harder to perceive at lower volumes, as a result of the Fletcher-Munson Effect.
Best regards,
-- Al