I am wondering if people have an explanation for this but, more importantly, have been looking into getting a very simple tube pre to use for the phono part of the system. Mapletree audio sells a simple preamp that I believe is a SET OTL (are all preamps OTL?).
’OTL’ means ’Output TransformerLess’ and there are preamps that use output transformers. They are often used for driving a balanced line, where the shield of the cable isn’t supposed to carry any signal current at all.
This property is useful to prevent the cable from imposing an artifact of its own. If you’ve ever heard differences between cables you know what I’m talking about.
There is a standard involved (and I’m talking about this because your amplifier has balanced inputs which if favors) for balanced operation, known as AES48. None of the ARC products support this standard. In fact there are only a few manufacturers of preamps in high end audio that do.
This might be worth looking into if you want additional transparency with a sound that is also engaging.