I don't know the MF player, but I have heard the Rega a couple times in a couple of decent setups, and talked about it with a few dealers, and it didn't impress me or them. We all pretty much agree with Creepers assessment, though the word I heard used was "digitized" - no soul escapes from the Rega. I couldn't call it harsh, exactly, but there was an unpleasant sharpness to it. I'd almost call it flat in that there was no depth to the sound at all. Maybe all the notes were there, but they lacked life. If the MF has the same musicality as the rest of their gear (and all I've seen suggests it does), it would suit my ears better, I'm sure.
chas
chas