Dear All...sorry / apologies for the late reply...was tied up with a lot of personal stuff...well the Marantz 1402 works just well. Initially I hooked up a Pioneer Blu ray BDP 150 which reads 1TB external HDD without a fuss.... the combination is amazing...clear sound thanks to m-dax feature on the receiver besides the bass+ treble or 9 band EQ settings..you can till clean up the music further to true Audiophiler's expectations.
Movies and Music is great...I traded up from Blu Ray Pioneer BDP 150 to Pioneer LX 55...man I would have definitely purchased the OPPO but don't have the budget for this...The LX 55 is indeed a good cheaper option which has almost the same video card...yes it has indeed further improved the video quality and sound quality...this is the best cost effective option. High quality monster HDMI cables helps in better signal transfer...
At my mom's place where I used to live earlier, I purchased a NR 1601 which is a 7.1 and yes it works like a charm. Using the JBL SCS 140 BK 5.1 speakers on it. Instead of using the extra surround behind, I assigned that channel as B speakers and connected a pair of Bose 201s III. When I hear music, I use 2.1 which is the Bose 201s with the JBL subwoofer. For Movies, I put the JBLs on. You cant use A + B at the same time...
Overall the Marantz experience has been good. It is nearly a year for the 1402 and it has never failed me. Recently it was my daughter's bday and it was on since 4pm till 3am...played all kinds of music for 2 different parties.....the receiver did not overheat or even fail in providing continuous power to the speakers....
Concerts of Engelbert, Cliff Richard, The Doors, Police, UB 40 etc sound excellent on the available surround modes...Remember the key to the best system is a good combination, good wires, cables and ofcourse good original content on Discs or downloaded DTS / PLii files.
Hifimart is selling the NR1504 with Bostons 5.1 as a package...its the same like NR1402 but has more HDMI inputs and airplay...you should go for it. The receiver can ofcourse handle floorstanders and many online reviews with videos prove that B&W CM 5 series works well on NR1402. So those who have a bigger room, get this receiver and go for floor standing front speakers and good bookshelf surrounds.
All the best!