Audio Research, next upgrade?


I have been upgrading recently and have had great fun and results. I really like the Audio Research line and I am slowly working my way to the Reference products. I would like to hear what everyone would suggest as the next piece to upgrade, ie CD, Pre, or Amp first. My current system is:
ARC CD3 MKII
ARC LS 26
ARC VT100 MKII
B&W 801
The system sounds great as -is, but always looking for the next improvement.
Thank you
vdosc
If you want a change, the most significant change (for better or worse) would be to change your speakers. I think changes in your Source>pre>amp will be relatively minor compared with a speaker change.

I honest don't know which of the electronics I would change first for the biggest bang for the buck - I suspect the CD or preamp would be the most noticeable change. I owned the CD3 MKII and thought it was wonderful, I really don't know how it compare to this year's models, but it might have held up very well indeed. I would bring the CD to a dealer and compare it with the latest, if you notice a significant improvement - starting at the source proabably has the most implications throughout the chain. If the improvement you hear is marginal or sideways, perhaps a move to the LS27.
I found the upgrade from the ARC CD3 MKll to the ARC CD5 very worthwhile. Not familiar with your other gear.
I would actually keep the CD3 and get a decent DAC (better than the DAC in the CD3). I bet the CD3 is great as a transport and if any upgrade is needed, it would be the DAC. Also, a REF 3 or REF 5 would be a definite upgrade. But, listen to a REF 3 and REF 5 in your home if possible with direct comparison with your LS26 first.

enjoy