First off I am not familiar with that Marantz....
So my comments will be a little generic.
A phono pre-amp does 3 things:
1) It provides additional gain due to the low level signal of most cartridges (how much additional gain varies, as cartridges can range from very low output MC's at around 0.2mV peak, to standard MM's with around 5mV peak) - so that the output of the phono stage will be at line level (standard level used for audio interconnects)
2) The phono preamp equalises the sound using the RIAA EQ scheme, which properly adjust for the reverse EQ done when recording pretty much any post 1960 record.
3) It provides the appropriate input load required by the cartridge - the better phono stages provide adjustable input load to cater for a wider variety of cartridges.
Your Marantz has a complete phono stage onboard. It's output is fed into your internal pre-amp at line level.
When the receiver was new, the most critical part of it in terms of sound quality and sales was the phono stage, so most classic receivers have excellent phono stages.
The down sides of an integrated phono stage is that depending on design, it may pick up noise from other circuits within the receiver... in a perfect world the phono stage should have its own dedicated power supply and seperate shielded enclosure.
In practice, my own experience is that the phono stages in most classic receivers (and some current receivers too) are at the least on a par with basic phono stages up to around the $500 mark.
Sharing case and power supply knocks off the two most expensive parts of making a phono stage! The rest is mostly down to good engineering/design.
If your budget is $1k+ for a phono stage, then you may be able to better your receivers built in stage.
The other main reason for an external phono stage, is where the internal item doesn't properly match the cartridge you are using.
A Shure V15III will need a phono stage designed for standard 5mV MM, with 47k resistive load and around 200pf to 300pf capacitive load (in the phono stage).
If you need a different C load than what is provided by the phono stage (particularly a lower C load), or you need a different resistive load or gain than what is there, you may need an external phono stage. - NOT because it is better, but because it is more suited to your particular cartridge.
Hope that helps
bye for now
David