Dont know what speakers you will be using with either choices of systems, so I will assume you choose one that will work for either...if your choosing between the two listed ststems, I can highly recommend the Stingray over the ARC seperates. Although good, the ARC's have a more neutral yet dryer presentation with good resolution, but, will not have the mid bloom or quite the emotional connection that the Manley has. If you have heard the Manley..you know it has the warmth as well as sheer drive to power even some ineffecient speakers.
Having owned similar systems to them both, this is my opinion. Ultimately it comes down to your preference of course. You would save quite a bit of $$ with the Manley. I personally dont feel the extra $$ spent on the ARC is worth saving or holding out for.
I agree with Bizkidz in that you could do better in the price range for Cd players..A used Naim 5i, Muse 9, or Used AA prima cd player are good choices. The Clearaudio is a decent table. Good luck!