Original poster here. Whoa. This thread blew up (in a good way) about CD4! I will keep thinking about that and I really appreciate the pointers.
But, my first step will not include CD-4, I backed away from that in my initial purchases...
I will first focus on the stereo and Matrix SQ and QS playback of LPs, while hopefully not cutting off the option for CD4 later.
Here's the gear I have on the way and that will be fully configured, aligned and tested here in SF:
Turntable/Arm: Technics SL-1200GR: This is a direct drive turntable with arm and detachable cartridge headshell, so it will not wall off later swapping in and out of a Shibata/contact line style cartridge for CD4 use.
Cartridge: Soundsmith Otello (elliptical). This should give good performance for stereo and SQ Quad I think.
Phono stage preamp: Simaudio Moon 110LP : This has user-selectable control of capacitance, impedance, gain (for moving magnet and moving coil designs for example), and equalization curve (RIAA or IEC).
(Yes, I went over my stated budget just a wee bit ;-) ).
Would love to hear experiences people have with these pieces! And if I've already made a mistake for SQ quad with the Soundsmith cartridge, let me know and I'll accelerate getting an alternate headshell + cartridge for quad use.
Also, thank you for the recommendation on the Blue Jeans cable type. I have a number of Blue Jeans in my system and am happy with their work.
Dang, I really need to find a switch now for 5.1 analog signals.