Chris,
I understand your situation with the Galibier. Their top-of-the-line model really catches my fancy, only eclipsed by the Redpoint tables and the most expensive ones coming from Transrotor and La Luce. As you know, however, I cant play in those leagues. I will never have the money to buy something like that.
If you go with a Teres, you will need to go with the finished cocobolo 255; otherwise, you will be required to do some finishing work. Now the Teres web site claims only a couple of hours are required; I am skeptical of that assertion. From the Teres 160 pictures, it looks like the acrylic parts also need to be polished. If thats true, I think a polishing wheel will be needed.
The Schroeder is a well-respected arm. If you have your heart set on it, you might as well get it. But it does look a little temperamental and perhaps somewhat difficult to install. For me the price is a major barrier.
I agree that a good rack is essential. I have a reasonably decent one from BellOgetti, but it is not audiophile quality. I wanted to build one myself, but my wife talked me out of it. I believe that one can build a very sturdy and reasonably good sounding rack from scratch for a fraction of what some of the more exotic ones cost. But then you will need the tools and the time to complete the project.
On several occasions you mentioned going back to school. What program will you be enrolling in?

