If it is set up correctly and working properly it will still be hard to beat today.
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The Apogee and Krell combo is still a world class combo today, as long as the speakers haven;t developed the dreaded Apogee buzz (from deteriorating felt on the ribbons). Nothing wrong with a SOTA turntable, SME arm or VDH cartridge. If these are set up properly in the room then I am sure it sounded damn fine!
A well matched system from back then in good working order can easily compete still today. The digital source (CD player) is probably the part where technology has advanced the most since 1985. I would be looking to compare something newer though not necessarily much if any more expensive today as a possible upgrade.