The Rega P5 has the same tonearm as the P7 I believe,the main difference being a ceramic sub-platter on the P7 as opposed to the plastic one on the P5.The P5 is the cheaper option and if you are prepared to upgrade later with after-market Rega table upgrades from various companies i.e Acrylic Platter,metal sub-platter etc.then you could probably get close to the P7 with an upgraded P5.
