It may be, sure. Almost every time I am reading about people's impressions, it is Gryphon, Ypsilon, Lamm and Nagra electronics with various speakers that get the praise. Oh yes, and Wavac. And sometimes VAC too. They must be all doing something very right. I also increasingly hear good things about Thales table/arm plus Ikeda cartridge set-up. Perhaps not quite a reference level but very very high.