Reanalyst,
About monitors vs. Full range:
Generally speaking, monitors are "bookshelf" sized speakers. Many people refrain from calling them bookself speakers because they tend to sound bad if actually placed on a bookself. If you want good sound and plan to use a bookshelf sized speaker, they would likely need to be placed on a pair of quality stands to sound their best. Quality stands cost >$100-$300+.
Floorstanding speakers stand a better chance of being a more full range speaker. It is generally easier and cheaper to make a bigger speaker produce more bass volume and reach lower notes.
So, it is going to depend on your listening environment. If you need to place your speakers on existing furniture/shelves, you will likely need a bookshelf/monitor speaker. If you have room to place the speakers on the floor, I would suggest going with a smallish floorstanding speaker. It will be less expensive than buying a quality monitor/stand combination.
I would still hardily suggest the Wharfdale Diamond 8.3 that I mentioned earlier. It is a small floorstander, goes down to about 40hz and is on sale for $199 at AudioAdvisor. It will be new, with full warranty and AA has a great return policy. You can't lose!
The earlier suggestion of an Arcam Alpha 10 is also a good one. I previously owned one and it was a great piece. It has multiple speaker outputs and a nice remote. It also has plenty of power for the Wharfdales. There is an available phono card that plugs right into the Alpha 10, but you may have a difficult time finding one. I would check with Audiophile Systems Limited, the US distributor.
So, you could get the Wharfdales, the Arcam Alpha 10 and a pair of Paul Speltz Anti-Cables speaker cables and be set. You would also be well within your budget with money left over for more music or a phono section. With this system and your musical taste, you would likely not need or even want a sub in a room the size of yours.
$199 Wharfdale Diamond 8.3 (Maple)
$500 Arcam Alpha 10 Integrated amp
$60 Paul Speltz Anti-Cables
_______
$760!!!!!!
Enjoy,
TIC