I spent a couple of hours listening to CM1's recently and have high prsise for the mid and top, which is clear and very natural - they can reproduce violin and massed strings exceptionally well - , with no "smear." The bass is typical of miniature "miniatures" in that you can easily hear the "corner" where the bass plummets and disappears, so R&R doesn't convince at all well.
For cost reasons, I'd suggest a listen to Rotel and, surprise surprise, Arcam with these. If Signals nr Ipswich can favour Arcam's current products and still regard Naim as their current "bedrock" brand then there must be something worth listening for at around five hundred notes. Rega's amps may well find favour too (Mira 3 for example).