The DP47F is a very good table. Assuming it is in perfect working condition, you might not even need to change it. I will definitely upgrade the phono amp first.
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slvtravel, funny that you mention that.... one of the thoughts that has been running through my head has been to buy a PH5 and use the remainder to upgrade my cartridge on my TT. The concerns that I have are that there may be a considerable difference between the PH5 and PH7 as well as am I putting "too much" cartridge on my existing TT. Did you compare the PH5 and PH7 before you purchased yours?
I disagree with the above posts. I would upgrade the TT, arm, and cartridge first. I think source resolution comes before amplification.
Then I would get a temporary (but good) phono preamp like the musical surroundings phenomena or similar priced phono stage (under $600, $250 used). That will certainly do you for a while.
Yep. I would dump the Denon first. I would get a used Linn LP12 without a Lingo and have it looked over by someone locally. I think that is the best deal for the $$$. That's just me.
I'm using a Denon DP-59L now, because it has the auto shut-off which I find very useful. Compared to my VPI HW-19 with SME 309 arm, though, the sound quality is admittedly somewhat lackluster. I suspect, as Johnss mentions, that the primary culprit is the arm wiring and or arm connectors. Also, the factory hardwired interconnects are substandard. Unfortunately, re-wiring these would be quite difficult - not really worth the trouble. But there are improvements you can make short of that. You can dampen the platter and plinth, and if you're handy with a soldering iron, install much improved interconnects.
The Dynavector is an excellent cartridge - you can spend a lot of money and get one that sounds different, but wildly better - I don't know about that.
Seems to me that the largest potential improvement is the phono amp.