Is a Meridian 598 a great music CD player?

Considering a well cared for Meridian 598 CD/DVD player for listening to CDs only, for $1200. Not being too familiar with high end players, would this be a good value over getting a new $1,500 player such as the Cambridge Audio 840? Any suggestions? I will run it into a Levinson 27.5 amp.

thanks!