Build a TT based set up for $5K


Hi everyone,

I've begun a fun and exhausting search for the "perfect" components to make my Hi Fi system. I've decided to go the turntable /2 channel stereo route.

* I would like to keep the total budget around $5K.
* The TT should be new/near mint.
* I have no problems getting "gently used" amp set up or speakers.
* I generally listen to classic rock, reggae, some classical.

TT candidates:
* VPI Traveller
* Rega P5 or 6?
* any other suggestions?

Amp: Should I go for an integrated amp and get a separate phono stage or are there any good all inclusive amps?

Speakers:
I was looking at some used speakers and came across Atlantic Technology AT1 speakers for around $1800. Any thoughts? Other recommendations are welcome!

I'm a newbie making my first foray into this really complicated and intimidating world (My head is still spinning after reading all the jargon filled reviews). I'm mostly looking to find component combos that have been proven and give me the best value. I would greatly appreciate any help I can get.

Thanks in advance,
Arjun
arjundas
With respect to the room for the system.... I will be setting it up in the living room. The floor plan is as follows: Living room flows into the kitchen.

The Living room is 16ft X 15ft and Kitchen is 21ft x 15ft.

The Living room has TV @ 12:00, Couch @ 6:00, cabinets and 2 chairs @ 9:00 and the 3:00 side is open to the kitchen. There is no real boundary between the 2 rooms except for a 2 foot wide archway.

The issue is whether I should place speakers facing lengthwise @ 9:00 on either side of the chairs or on either side of the TV @ 12:00.

I don't think I can place them 3 ft from the wall like in dedicated listening rooms. Does this mean I have to go for monitors?
My $5K system.
Yaqin MC-10CL integrated tube amp $600 new (+$300 for tube replacement)
Yaqin MS-12B phono pre amp $300 new (+$100 for tube replacement)
Arcam FMJ CD23 CD player $600 used
Tyler reference monitor with stands $1000 used
Clear Audio Bluemotion $1200 new
Audio Technica AT150mlx cartridge $350 new
Cables, interconnects $600
assuming you will be sitting on the couch to listen, you should put the speakers on either side of the tv, and out at least a foot from the wall, more if you can. I think PSB makes the best speakers for the price. I am using PSB Synchrony Ones now, but they have many other less costly models, including the most recent image towers that have gotten rave reviews.
If I place the speakers at 12:00 on either side of the TV, the 3:00 side is essentially open (where the living room flows into the kitchen), would that be a problem?

Thanks for all your input, I learn more every day at this site!