Yes, absolutely, Anand.
My preference is for the Jensen in the US, Lundahl in Europe.
Why, in light of the considerable cost difference with the Ballsie Lite?
#1 A transformer offers galvanic isolation, which kills earth loops in their tracks. Earth loops can be almost impossible to eliminate with some gear if galvanic isolation is not adopted.
#2 A transformer will deliver natural low and HF rolloff without the phase shifting complication of filters.
#3 A transformer has primarily H2, H3 and H4 harmonic artefacts which are musically benign, in contrast to a high negative feedback IC which has odds predominating over even up to about 25 orders.
#4 The recording and music performance industries use almost nothing else but transformers, they are that reliable, effective, and durable.
So there you have it.... and the NAKSA 70 does not have a topology which easily lends itself to electrical conversion to balanced line, so go for it!
Cheers,
Hugh