I can't speak for the JMW arm, but I have a Clearaudio Satisfy arm and am very happy with it. I replaced a Rega RB300 with OL structural mod and Cardas rewire, and found it to be much more to my liking.
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I have a JMW 10.5i. There is on these posts some trepidation because of it seeming unstable. It does react unstable when you hold it, however it is a very stable arm in the groove. There is no bumping, tipping, etc. when its playing records. There is no easier tonearm to dial in the correct VTA for each and every record. All components have their pluses and minuses. The clearaudio has a lighter sound, the VPI has a more solid sound. I'm sure anyone would be happy with either one. I stongly urge you to see and listen to both. I have and am very happy with the JMW..I chose it above all others because for me, it does the job. By the way, after 3 minute of manipulating the tonearm, you will have no feeling of the "dancing on the end of a pin"..it will just feel natural.