I own an 868PL. I use all three functions (SUT, Phono, Line). The guys above are right, the unit is a bit veiled and dark sounding. But, I really like it. I have the EAR 509 amps too. I have tried other SUTs, and phonostages but all in all, the tone of my stock unit with Tele tubes hits the spot for me. I listen to 50% Jazz, 40% Rock, 10% Classical. If I were a Classical listener this unit would be a big no no. Purists will say the preamp should impart as little character on the music as possible but I haven't been able to swap components (In a comparable price range) without getting the advantage of lifted veil while maintaining a tone that makes Jazz so enjoyable for me. As of right now Ill likely move up to the 912 in the Spring, if not sooner.
I have been swapping my Music First v2 SUT in an out of the system trying to replace to built in SUTs. Lifted veil, lack of tone and color. I prefer it with classical but not for rock or jazz.
The MSRP of the PL represents a reasonable value, IMHO. Buying a PL unit second hand would be an great value. I would loo elsewhere for just a line stage.