FWIW I've owned both of these and like them both a lot. I would say Luxman sounds more natural tonally with a clean and clear presentation that is also sweet, liquid, and a touch warm. Hegel also has a sweet, but a touch drier and meatier sound, a bit darker, more clearly defined soundstage, better control and bass authority. Maybe a little too much control, meaning tone seems to be subtly lacking some harmonic complexity and natural decay compared to Luxman. Luxman can sound a bit thin at times. Still, Hegel H390 is a great piece and I can't think of a better complete solution at the street price of < $5k new.
