The M-1200s have 30.5dB of gain and an input sensitivity of 2.08V for rated output power.
A standard ICEDGE 1200AS is 25.5 dB overall gain.
ICEDGE input sensitivity is
roughly 6V peak to hit 1200w/4 ohms.
The 2.08V sensitivity of the M-1200’s is likely an RMS rating and that is the typical way of listing the input sensitivity. The equivalent for standard issue ICEDGE 1200AS is then 4.24V RMS, which makes sense.
So really the differences are:
25.5dB overall gain with 4.24V RMS input sensitivity
30.5dB overall gain and 2.08V RMS input sensitivity
Which means the 12AU7 tube gain stage in the M-1200 has a gain of ~ 5dB.
Whether the insertion of the 12AU7 gain stage is worth $6K price is up to the end user.
I do have a standard issue ICEDGE 1200AS if Mike wants to borrow it for comparisons. In any case, with the speakers Mike has, he doesn’t need a preamp at all. Ideally, a dac with a variable volume control or excellent sounding passive would be best and preserve the signal to noise ratio of the overall system.
Best,
Anand.