No, it's not that simple. I've heard heavily modded Lenco's. They were nice, sure. Perhaps even very good. I'd pick one up if I ever found a deal on one, in fact. However, hearing them never made me think that I had just encountered something I hadn't heard with direct drives and belt drives.
I think it would be interesting to hear a Teres tape drive system compared to their idler and their new DD motor.
There may be differences between Nantais's "reference" Lenco, and most "heavily modded Lencos". He certainly suggests or claim that there are, and I'm inclined to believe him. I have a moderately modded Lenco, which I built as a "proof of concept" experiment, to convince myself that there was something to all the Lenco talk... and it convinced me. Yet the GT-2000 remains my principle TT. To that extent, I'm with you, but I'm also quite certain that there is more potential to be squeezed out of the Lenco technology, and most of the typical Lenco rebuilds fall well short of the potential, just as most re-plinthed 301s fall well short of a genuine Kondo one. Until I've heard a recent Nantais "Reference" table, I'm willing to give them the benefit of a doubt.
Incidentally, I picked up some 50-100 year old (not sure of exact age, but pre-1960, for sure) Asian wood from a demolition site that will be cut down and glued up for my next plinth experiment. I'm going to try designing the actual size and shape of the individual wooden pieces, from large to small (or small to large, depending on your perspective}, to make a "sequential" CLD structure. Not exactly uniform in volume as they move through the progression, but as close as I can reasonably make it. Will be interesting to see if it works better (or worse) than one made from uniform layers, as the plywood ones are. I can't do compound curves accurately enough (would need CAD/CAM and a CNC machine for that) to create "expanding globes", so this will be simple geometrics, but it should be enough to test the basic theory.
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Unfortunately money and space constraints inhibit my audiophile aspirations, but c'est la vie.
This is true for most of us, just to varying degrees. I was thinking that most people who don't live in a place like Hong Kong have room for more than one TT, and expense can be spread over time... but reality is reality. Since I moved last year, I have to keep almost all my gear in cheaper storage across town, only sometimes rotating stuff through my one system in the living room. If I had started collecting when living here, instead of in my much-bigger previous apartment, I wouldn't have a collection at all. It's an incentive to reduce the size of the collection, but I'll keep the best pieces, because (1) they are now very hard to find/replace, and would be much more expensive if I could find them; and (2) I don't plan to stay in this small a place forever, and will eventually have them back in my home. But as I said, if I had started when living here, I would never have owned more than one system, either!
And in a properly setup, basically stock Lenco, you will NOT hear rumble. This is because the idler rubber is knife edged which puts a small amount of rubber in contact with the platter. Same with dual idlers. I am experimenting with putting a knife edge on the idler of a QRK broadcast turntable to try and elimiinate rumble without going through the time of making a hefty base. But thats another thread!
Clearly, the "knife edge" is one important consideration for (re)building idlers. I'm not sure that it means you can eliminate the massive plinth, though; I think that helps to deal with more vibration than just what comes from the motor (which is, I believe, what causes rumble). Motor, tonearm, platter bearing, environment... all can cause, or are affected by, vibration, and the massive plinth may play a role in each case.
One sub-topic that hasn't come up yet in this thread, is the difference between the Lenco's vertically-oriented idler wheel, the the more common horizontal wheels that drive the platter from the side. I suspect the Lenco approach is superior, but have no test data beyond thought and intuition, to support that tentative belief. I've read where people have said the only difference is in bearing wear, but I think the issue may go deeper than that... or it may not. Would be curious to learn if anyone has developed any real insight into this.