Chakster,
I can't answer your question directly, because I haven't heard the Technics, but I think I can contribute something meaningful. I have the little brother of the PD-444, the PD-441. I think it has the same motor as the PD-444, but holds only one tonearm, plinth correspondingly smaller. Mine is mounted with a Fidelity Research FR-64s tonearm with optional height adjuster and a Yamaha MC-1s cartridge, i.e, complete vintage 70's near state-of-the-art front end.
Compared to my main rig, Acoustic Signature Final Tool, Kuzma 4-point, ZYX Universe, the Luxman is a little noisier, a little less resolving, bass not as good, but it has a drive that makes it eminently enjoyable, so much so that I could easily listen to it all the time. If you have any interest in the Luxman, I can't imagine being disappointed in it if it's set up properly.
FWIW.
Richard