Yes, It will.
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You will wonder how you put up with your Pioneer all these years. I have had Dual, AR, VPI MKII, III, IV, and now Aries JMW 10. I had a friend over who has never listened to analog at length. Thirty seconds into the first song off a MFSL George Benson "Breezin" LP, he hit the mute button and with a startled voice he said "How do you ever get motivated to put a CD on? How can you ever go back?" That sums it up. I am sure your Pioneer wasn't terrible, probably better than most CD rigs out there. You are in for a surprise however with the VPI...a pleasant one I might add. Jallen
At the risk of repeating what was said before, the difference will be dramatic. If it isn't I will come to your house and eat the Teres and buy you a new Pioneer.
Everything about the sound will be improved. You really have no idea what is on your LPs if you have been using the Pioneer. That is not intended to be a rip of the Pioneer as much as it is a compliment to the Teres.
The only question you will have after listening is why you waited so long.
Personally I prefer Sota TTs though.