I agree with adg101, re the Modwright 36.5 and ARC. I use an ARC 75 SE power amp and very much like the ARC pre's, but I think they are expensive at full retail. I bought the 36.5 and it is staying where it is. I compared it to the ARC Ref 3, not at the same time, but I clearly prefer the Modwright, at a big saving.
I am sure the ARC Ref 5SE would be better than the 36.5, but at more than twice the price? I had a listen to the two box 36.5 when I bought mine, it really is very good indeed and again, much cheaper than the REF 5SE