I have not compared the VK-33SE to the first REX, but I do own and use in separate systems a VK-33SE and a VK-53SE. I find both outstanding, and I recall BAT stating during a phone call that the VK-33SE performs better than the non-SE VK-53, in large part due to the more advanced and expensive implementation of transformers in the VK-33SE. My VK-33SE, which I purchased before my VK-53SE, was a real eye-opener sonically and functionally.
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It's what it's not.
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