If I am understanding things correctly, you have 3 options:
(1) use your AR PSE phono stage for both tables, and just plug in the phono cable for the table you wanna listen to. Slightly inconvenient since it involves swapping cables.
(2) if preamp2 has a tape monitor, just plug TT2 into it's phono input, and connect its "tape out" into any line level input of your LS25. You are effectively just running the 2nd preamp's phono section into your LS25 line section. The extra i/c means extra cost, but it is convenient. No cable swapping involved.....just use selector switch on LS25 to select your TT.
(3) leave your current setup as is, and plug TT2 into phono input of preamp2, and run preamp2 into your current amps. You are using phono + line sections of preamp2 for TT2. In other words, each TT has its own dedicated preamp....phono + line. Slightly inconvenient since it involves swapping i/c between the 2 preamps outputs when you wanna listen to the other table.
I'm a bit inquisitive and thorough when it comes to comparing things, so were I in your situation, I would listen to every combination of phono + line section for each table. For each table, I would probably choose the setup that offered the best sound, not the most the convenient one. But that's just me. Your priorites may be different so you need to decide for yourself.
If you decide to go with option (3), and your amps are more accessible than the rear of your preamps, you might wanna put an i/c on the outputs of each preamp, and just swap the i/c at the amp inputs. This might be more convenient, but again, the xtra i/c implies xtra cost.
Lots of ways to do it. Hard part is figuring out which way you wanna do it.
