I had the Ref 3 and compared it side by side with the MBL 6010D which I kept and I sold the Ref. When I moved from tube to Spectron power amps, the Ref 3 was not a good match and the MBL was much better. Not a question of the Ref 3 being inferior, but I suspect the impedance made the difference and the MBL was more natural and controlled proving yet again the importance of system synergy in the real world.
While I am very impressed with the 6010, I would like to try the Ref 5, but not with my Spectrons. In the appropriately matched system the Ref preamps are as good as it gets and I am sure the Ref 5 will offer state of the art performance for a 'reasonable' high end price and quality dealer back up. If you like the ARC house sound, which has a definable character, I am not sure I would need to go from a 3 to a 5 as I am sure the changes are incremental.