Good news -- it was a just choke in the power supply that got jostled a bit off-kilter in shipment, and caused the connecting wires to break/fray. Gordon had initially suspected that one side of the voltage rails wasn't going up, hence the orange LED vs. green, and the lack of sound. Wires are repaired, the choke is again firmly mounted, and it's all fixed up now!
Very very nice sounding phono stage, obviously. The midrange is to die for -- natural, lush, beautiful. A very large soundstage, exceptionally powerful bass, and a grainless smoothness round out what I feel are the unit's main strengths. The overall sonic presentation is extremely musical and engaging. It seems a touch on the warm side of neutral, at least in comparison to the other stages I've had on hand (** this is with mostly stock tubes; will need to try some more combinations), and here my Rogue Ares provides an excellent alternate perspective -- faster sounding with more treble sparkle. It'll be interesting to compare the 2 over time. My system is at the best it's ever sounded with either unit.
My curiosity is certainly piqued with regards to the Trumpet reissue; sounds like the upgraded parts might make it an ideal match for my system!