Nottingham/Morch -- Sounds great. I feel it's right choice
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Unfortunately, there is no hard and fast rule about the allocation of funds when buying an analog front end. There are many ways to get where you want to go.
My experience with the UP-4, on a VPI, was not positive at all, so I would buy the Notts with their arm. If you like the Rega sound the RP6 and RP8 should make it to your short list as well.
IMHO there are other nice contenders in the price range of the Benz Gold depending on your personal preferences.
I'd say spend as much on the turntable and tonearm as you possibly can (assuming that price = value, which is not always the case!) and worry slightly less about the cart...
As an aside, years ago Linn proposed total system "spend" in the form of a symbolic pyramid with the turntable appearing as the base/foundation of the pyramid. The width of each level represented the scale of the "spend" as thus -
This could be further broken down into -
The T/T being the most "fundamental" element...
Later someone came up with the "Barnett Formula" (context of "Barnett" being slang for a seriously large head of hair). This was an inverted pyramid with the loudspeakers emphasized at the top.
IMO both are correct to a large extent because you should also buy the best loudspeakers & amplification you can afford in order to do the source justice ;^)
Hell, just sell the Ferrari and buy a mega-system! ;^) :D