Rather like you, I became vinyl-curious about a year ago after switching to digital just after CDs came out. My dad gave me his Garrard 301 / SME 3009 / Shure deck at exactly that time, and I hardly used it since. My record collection was small because my local public library loaned records for free, and I mainly listen to classical.
Then I discovered how much people were paying for old Garrard 301s, and how much SME are charging for New Old Stock! I invested A$4,700 upgrading the Garrard, which included a new main bearing and accessories like an ultrasonic cleaner, a second cartridge and replacement microline stylus. I would rate the sound quality as equal to or slightly better than CD for classical music, but not as good as SACD which in my opinion blows away current streaming services!
I have just taken the next step, which is to buy a near-reference Holbo turntable which has air bearings for both its tangential tracking tone arm and its platter. The factory direct price from Slovenia to Australia was under EUR-5000. You seem to be in Europe so you might do better!
I buy new vinyl, along with SACD and CDs, from Presto Classical in the UK. A big surprise is that I can buy secondhand classical records for about A$6 locally and with the microline stylus, they match new records for sound quality most of the time. This stylus shape seems to bridge wear created by more rounded stylii.
From a review I have just read, your Arcam FMJ A32 amplifier seems to have an excellent MM/MC stage as standard, so there is no "pressing" need for another phono stage. I use the MM phono stage in my Marantz AV8802 pre-processor although I have a Krell stereo pre-amplifier I can also use.
From where I float, in the middle of the South Pacific Ocean, North America and Europe are diametrically opposed in most things audio, especially when it comes to SACD versus streaming, cash available to splash, and the emphasis on "songs" versus "works"!
If I was conned into returning to vinyl, so be it, but I am still cautiously moving down that path. Hope this helps ...

