You didn't specify any cost constraints. Yes, if you're considering my scenario 2 and working from a $1XX cheap Chinese LPS and then looking at substituting in one of the MPAudio boards, you're definitely more than doubling the cost of the unit by going with MPAudio. But you're going to have a vastly lower noise LPS than the original.
It is key to match the MPAudio board you order with the transformer in your unit. Do you have the specs for your exact transformer? You provided an ebay link to a current transformer, but have you opened up your unit - could you take a pic or report the actual specs?
I'm also not sure if the transformers in those cheap LPS's are truly capable of supplying their stated specs - someone with a lot more familiarity with such issues may be able to comment.
But yeah, either of my proposed MPAudio approaches is a relatively extravagant response to your question - only worth exploring if you want to shell out a couple hundred $$ on this project.