By lifting pin 3, you are using only half the signal the Lyngdorf is putting out. That will lower the S/N ratio, which may or may not be audible. Using a transformer like the Jensen will better preserve the S/N ratio in the conversion.
I have had hum problems with cable adapters, problems solved by using transformer conversion.
Another option: Audio by Van Alstine (easy to find on the Web) either is offering or will soon offer active conversion boxes between single-ended and balanced. These are likely to be less expensive than transformers -- studio-grade transformers could be $500 or more.
I hope that helps.