neither is a slouch...go with condition....if condition is comparable, the grace by a nose.
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I had a 707 on a Thorens TD-160 Super. Nice arm, very easy to use, but very light-weight. You have to use a very light catridge - 6g or so. The counterweight didn't go far enough back to take anything heavier, at least not if I wanted to be able to close the dust cover. I have seen ring weights that can be added but they're not very common. You also need a high compliance cartridge. I was using a Shure M97xe which I liked. Don't have any experience with the Linn.
I have experience with both (on an LP12), and much prefer the Linn . . . I think the manufacturing quality is better, and it's less fiddly to set up. The Grace's the anti-skating, with both fishing-line AND a pivot/weight thingey, mounted to a separate collar clamp that can move any which way sideways, up or down, (and affects the cueing as you adjust it) . . . really annoying.
But they're really apples and oranges as far as the sound, because they have their optimum performance with different types of cartridges. If you're using a high-compliance MM cartridge (i.e. Ortofon 2M or something) the Grace is a better choice, but for lower-compliance MMs and most MCs, the Linn will work better.
I had a Grace 707 in my hands for about a minute, but it was missing the fixing collar and I returned it back to the seller. I have a working Basik LV-X mounted at the moment with a Dynavector 10x5. I checked the overhang with a Geodisc and the template that comes with the Hi-Fi news record. The arm seems to need alot of anti-skate applied to track properly, so I'll try checking the overhang with a Linn template.