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One other area I hope to address: The body of the 550 is pretty thin and thumpy. if i just touch the top of the deck (like, to push the cuing lever) while the stylus is in the groove, it produces a heafty thump. The deck of this thing is just a hollow box made of thin (1/4"?) pressboard, much less substantial than MDF. I'm going to look at putting some bracing inside. If/when I get to this project, I'll take some pics and post them here.
Thanks everyone for your thoughts so far.:thmbsp:
Seems like everyone has pretty well covered the rest of your post (rewire, etc...) so I'll address this last part:
Good idea, try bracing the plinth. You can also try adding dampening, using things like automotive dampening sheets or duct putty, sticking it inside wherever it is safely out of the way of the mechanisms.
Another area to consider --which no one ever talks about-- is how the platter mounts to what is underneath. On most TTs (including my PL-C590, the closest thing I have to yours) the platter just lifts off. On the PL-l1 (a "statement" TT, to be sure) I noticed that the platter is bolted right down with precision-machined screw-head bolts. I've seen that on a couple other TTs, and all were high-end TTs. That, plus physics and common sense, makes me thing that anchoring the platter to the motor drive is a good idea. [There could be resonance/motor noise issues, but that is what mats are for...

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Lift off the platter (CAREFULLY) and look. If it looks like you are looking directly into the motor (you see coils or magnets and such), then gingerly replace it and go no further. Anything you do with that kind of DD TT will cause trouble.
IF, however, it is clear that the platter is sitting on some solid, shaped sub-piece designed to hold and engage with the underside of the platter (which also doesn't really look like a motor), THEN you can try adding something like a thin layer of blu-tack in spots, to both "anchor" the platter to it, while also adding additional dampening. You can also add dampening to the underside of the platter itself, which will both further dampen resonances and add a little to its mass (and thus its inertial momentum) but keep the distribution of the added dampener balanced, so you don't create "wobble". More towards the outside adds more to the inertial momentum.
Do you use a center weight or clamp, and an edge clamp (ring)? If not, try 'em. Should improve the sound.
Have you experimented with different mats?
Moving away from the turntable and system, assuming your ultimate aim is the best possible sound (within a budget), have you looked at what room tweaks you can do? Have you run a dedicated power line for your system? (Let a good electrician do it for you.)
What kind of noise filtration or power conditioning are you using? {Extreme Isolation Transformers can work wonders in electrically "noisy" environments, especially for TTs.}
Are your speakers optimally placed?
Are your ears cleaned, or plugged with wax?
