I actually bought an SLP-98 (no phono) a week or two after my original post--I found a virtually new one for a great price. (And the day after I got it, I received the new S'Phile issue with a review of the SLP-98!). Wow, what a nice pre-amp! Any doubts I had about it disappeared after it had broken in. I believe it's a significant upgrade over my VTL 2.5TL (it should be, at roughly twice the price). However, I sold the VTL, & also upgraded my power amp at the same time as the pre-amp, so can't do a direct comparison. I find the Cary does everything well: very smooth, yet dynamic, nice soundstage & depth, very quiet, beautiful mid-range, & looks gorgeous (I have the black/carnival red model).
It also cost at least $1K less than other units I was considering like the C-J 17LS or the ARC LS25MKII. I haven't heard those, but the SLP-98 has totally satisfied my pre-amp upgrade craving. I find it interesting that Nguyenchiro owns both the Cary SLP-98P and the CJ-16LS MKII--& if I read the post correctly, does not consider the 16LS to be clearly superior (just pros & cons for each unit)? If so, that says a lot for the Cary, as it's much less expensive.
I do have a question tho for Markmendenhall or Nguyenchiro--what do you think of the phono stage? Is it worth the $400 to get it installed? I've been considering more expensive separate units (used Cary PH301, C-J EV-1 or PF-1, etc.), but don't want to spend a lot on vinyl playback right now.
Thanks for all the responses to my post. I have to say, the SLP-98 is one of the nicest sounding (& looking) components I've owned.
Steve