In my opinion, the phono stage needs to be matched to the cartridge, the amp needs to be matched to the speakers. Two different ends of a continuous process. But would be ok spending more on a phono preamp than an amp.
I suppose I chose phono preamp from two available choices because I believe that it is harder to deal with small signals and amplify them greatly than to deal with higher level signals which get boosted less. But it is all interrelated, so yes, its only as good as its weakest link
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