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My hesitation is that Emotiva processors have a history of being glitchy. I don't know if that's in the past, though.

$1K will be tough to find new in a Pre/Pro. The Outlaw 976 or Emotiva MC-700 are the only ones I know of. A refurb Marantz AV7705 will run you $1.5K. Everything else I'm aware of will be over $2K.