First of all you have to move power transformer from SL-1200 body into separate standalone case. It's also good time to replace internal voltage regulator to external one - i.e. make (or buy) high quality separate PSU. No sense (my opinion, of course) to make any Technics upgrade if you have transformer attached to SL-1200 frame.
Analog: Technics SL-1200MkII (RB300 tonearm, external PSU, separated power supply for all stages, improved bearing), MC Goldring Eroica LX, custom SUT 1:10, Balanced input J-FET DIY phonostage
Digital: Cubietruck (headless Debian server, i2s output, external masterclock from DAC), content on HDD. DAC: Lynx D29v4 (Altera FPGA digital stream separator, 2*AD1853, 2*3 OP42 LPF)
PA: DIY composite amplifier YES-3, schematic by Gennady Bragin
Acoustic: DIY floorstanding 3-way SB Acoustics