From what others have told me is the mephisto II sounds better then the levinson but not by much. However the Levinson is very user-friendly; that is not saying the mephisto is complicated but the levinson has some great simple features that make it worth it to some folks. You may also want to try an audition the acclaimed Audio Aero Capitole MkI or MkII, anyone who listens to it and is able to afford it buys it-well perhaps that is a bold statement to make but most do ;)
~Tim
~Tim