HW 19 MK IV with a SME 4.5 is an excellent machine and should deliver much of what the TNT can for allot less..go for it.
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Which TNT? I have actually had both of these with SME IV arm and last year had a loaded Aries Extended with 12.7 arm. The good news is that either would be very good; I would lean toward the TNT but the 19 is also good. I think the TNT would give you better bass and a little bigger scale in general. I have found that larger and heavier tables generally have this effect while being a little less agile than lighter ones. YMMV. Since I am a VPI dealer and have been an SME dealer it is obvious I like both. 12" arms have advantages and disadvantages; the VPI is a unipiviot, the SME not. The SME is noted for bass production, the VPI perhaps has an edge in the higher frequencies; both are among the best available, at least at less than insane prices. So much is going to depend on electronics and speakers that I really have no idea how to tell how they would sound. Either will be suitable for a really good system.
I had a HW-19 Mk III and then a TNT Mk II, both with ET-2 linear tracking arms. At the time (early '90s), I thought the TNT was a major improvement, but it's a little hard to remember the specifics.
I since went with a pair of heavily modded idler-drive Lencos by Jean Nantais and am currently using the latest one, dating from 2005 with subsequent modifications and updates. No question in my mind that the Lencos significantly outperform the VPIs, at least of that era.
I owned the HW 19 Mk IV and currently own a TNT. Both with ET 2 arms.
I echo what Wntrmute2 said with one exception.
The HW19 MKIV keeps time "ok" - the TNT without an SDS can't keep speed - it goes too fast (at least mine did). So budget for an SDS as well. I had to buy a new SDS. Don't rely on that old PLC speed controller if that is what the TNT you are looking at comes with. It is old and quirky.
You also need "alot" more real estate for the TNT. And to move it requires some dis-assembly so you have to really think when you get thoughts about moving gear around in the room.