I am currently listening to Kondo M7 , Thoeress Phono and Aesthetix IO signature with 2 PSU.
My mainly used speakers are currently Zingali Client Name Evo 15' with Air Tight 211 mono SET.
So I am now selling my IO , because of noise floor.
Listening to my YG Anat II ref prof speakers, the IO was my preferred Phonostage, with Zingali (97db) and SET it does not make too much sense.
I still prefer the Kondo M7 / Kondo SPZ combination over the Thoeress, but the difference is minor and both preamps are sonically very close to each other.
2 weeks ago, I hosted a analog workshop at my home and Reinhard Thoeress himself came along as a visitor. So we enjoyed a long night and I was changing between Kondo and Thoeress, after a while we started to be unable to say, which phono pre is running...., means, without a clear A : B comparison, I can listen to the Thoeress without missing anything, just enjoying the silence and the flexibility.
In my opinion the Thoeress chassis is not very robust, so you the Preamp is getting much better, if supported from HRS M3X platform, HRS feats and HRS top plate. At least this is the case in my set up. I compared the Thoeress to Kondo , both supported by HRS, but Kondo does benefit only a little from HRS, Thoeress a lot.
There might be better platforms for the Thoeress, but HRS is the system I own, so I am using it.
Juergen