Steve Jackson came over yesterday evening to have a listen to the fruits of his labour in my system. We both agreed that the difference was very significant. Dynamic swings were emphatic and effortless, timing was tight, tonal colours were rich and there was lots of detail in the textures. After listening to the Arkless with his new transformer for a while, we went back to using it with the 'upgraded' wall wart (the one I linked to a page or two back). It sounded broken. Dynamics were smeared, and there was a general 'levelling' of the dynamics, so nothing stood out. A blues song we'd played where the singer sounded like he meant it, now sounded like he was just a bit fed up.
We were trying to think of phono stages we've heard which delivered a better result than we'd just been listening to. Neither the Accuphase, nor the Audio Research stages passed that test, and the only one we both agreed sounded better was the CH Precision P1, which is £30k. This is turning out to be one serious value phono stage, with a serious value upgrade. Even if the transformer in a proper box turned out to be £500, that'd make the Arkless package around £1k, and it absolutely thrashes the Vertere at similar money.