PRaT is experiential, and as such takes some experience to hear - or not hear. It's pretty clear it does not exist in any one domain, like frequency, or phase, per se. The Large Advent is great example - beautifully voiced, extended well controlled bass, but PRaT? Not so much. My explanation is hysteresis - the delay between input and output. Hysteresis may vary due to a lot of factors, amplifier damping, a function of output series resistance, including the amp, speaker cabling, crossover series inductor (one reason internally amplified speakers tend to sound 'quicker') and overall speaker alignment. Acoustic suspension speakers rely on compreesion of trapped cabinet air for damping, and are as a result inherently slower and less linear to stop, resulting in a smear that doesn't show up in frequency response graphs. By comparison, full range drivers, for all their other limitations and freed from those driver control constraints tend to have that ineffable 'liveness' that they are known for.
Likewise, much of the difference between MM, MI, and MC phono carts can be attributed to their inductance, with MM carts having 10X the series inductance - and resulting hysteresis - of most MC carts, with MI like Grado and Soundsmith falling in between.
As for amplifiers, the ability to control and dissipate the woofers back EMF (the 'brakes') is likely their major contribution to PRaT.
Overall, I believe PRaT is fundamentally about controlling and minimizing stored energy within a system. It is the release of that stored energy that smears the sound, robbing the music of PRaT.