Opinions/Reviews on Teac Reference 500,300 or similar system

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Pancho Urbano

Hello.

My dad is looking for a 2 channel set-up for his living room.  He has a vintage Pioneer turntable, and would like a reciever and CD player.  He will be driving a pair of Michaura 55s I gave him.  He is looking to spend around $500.  

I've always been impressed with the Teac 300/500 reference system, which I think will be discontinued.  I do not, however, have much experience listening to it or to a competitive budget 2 channel system.  They seem to be of excellent construction, good reputation, and feature a phono stage.  I was thinking of getting him the 500 series reciever and CD player, which would add up to about $500.  What are your opinions or is your experience about teac's nice looking reference series?  

Are there any other suggestions for a similar system in the budget 2-channel category?

Thank you!
-pu