I used Stereophile's loan sample of the top-of-the-line Audio Precision SYS2722 system (see www.ap.com and the January 2008 "As We See It") to measure the Parasound Halo P 5. Not only is the P 5 a full-function preamplifier with a phono stage, tone controls, and the ability to provide the necessary high- and low-pass crossover functions to enable the use of a subwoofer; it has digital inputs, including USB. Unless stated otherwise, all of my measurements were taken from the unbalanced main outputs.
Looking first at the P 5's behavior as a conventional line…