lewm,
I had to go back and look at what I wrote. I deny making the categorical claim that all external phono stages outperform built-in phono stages. Clearly that would not be wise. What I said was that excellent phono stages outperform built-in ones and that is a statement that is generally correct. In the present case there is doubt because both phono stages have been tested and reviewed and are highly praised. The only way to know which is better would be to directly compare them. Based on having heard both the Mac and the Luxman EQ-500, I am pretty confident that the E-07 is better, the question is by how much and is the price worth the gain? And that only the OP can answer. Back to the matter of external phono stages, the limitations you outline are accurate of course. It is important that the phono cables used on both inlet and outlet be of high quality and kept as short as possible. I recommend 0.7 m - 1.2 m maximum length.

