If you don't have one yet, get two dedicated lines installed with good plugs.
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Ron, I've gone through four highly regarded power conditioners, and none have resulted in any magic beyond what I hear going straight to the wall. Perhaps I am one of the fortunate few to have good clean power. Or, perhaps I'm one of the unfortunate few to have poor hearing.
In any event, maybe like me, you have discovered that in your set-up the addition of power conditioning is unnecessary. Certainly your experience thus far supports that conclusion.
I like the Audio Magic units. The small one would be perfect for your application. I've had PS, Shunyata, Sound Application, BPT and I like the Audio Magic Matrix best, granted I was listening to mine with the Elrod EPS 2S cord which alone would put you over budget. It does come with it's own power cord though.
Well, I used the Wadia 861 thru a RGPC 400 Mk1, which was plugged into the non-dedicated lines & a 49 cents Cooper Electrical outlet. Sounded bright on the top (I was getting a bit too much hi freq resolution!!) & it made listening fatiguing over time. Last summer I installed 20A dedicated lines using 10AWG wire (despite the electrician informing me that I really needed 12AWG wire) & Pass&Seymour cryo'd outlets. These 2 tweaks made a world of a difference - gone is the hi freq brittleness & music flows freely & for many hours non-stop. Hence, I recommed dedicated lines & a good outlet. The positive effect is to be heard to be believed! FWIW. YMMV. IMHO.
My experience is that the Shunyata Hydra had a positive effect on the Wadia. This is compared to 2 10 gauge-20 amp dedicated lines with Wattgate recepticles. I would describe the effect as having a more realistic and defined soundstage. Some of the musical voices in certain frequencies have a tendency to either be too large, or misplaced on the stage. For example, the horn section, which should be in the back and with some restraint, can sound excessively loud and as if it is coming from in front of the stage. The Hydra had an effect in reducing this. Also, acoustic intruments and voice need to hold a discrete place on stage. I find it disconcerting to hear a 50 ft clarinet, or vocals that seem to come from everywhere. It also had the effect of reducing the background noise and adding more detail.
Will the conditioner have all the effect you are looking for, it's hard to say. If these things are not important to you, then likely not. My suggestion is to try the Elrod Statement II, because I think this will give you more benefit at a lower price than the Hydra. It's a little more money than your $800 budget, but not that much more. The Statement adds a staggering amount of detail, speed, and energy. It will wake-up the lower frequency. It makes music that was dull and flat really sparkle with magic.
The Wadia is very sensitive to beneficial tweaks such as a powercord, a stand, a conditioner, and other mods. In fact, I don't think the stock Wadias sound very good.
I'm probably better off applying the money I'd spend on a power conditioner to have the Reference (not the Statement) upgrade at Great Northern Sound.
I'd like to hear from any Wadia 861 (or other Wadia CD players) owners who have had this upgrade performed. Specifically, did the upgrade make for a significant improvement? Thanks a lot for all of your comments.