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Is There a Way From Here To There?

Is there inexpensive recording equipment that measures up in every way to higher priced items, in terms of headroom, noise level, durability and sound quality? Or is this all just a dream? Is budget equipment a compromise of quality vs price? Do the cheaper knock off products really measure up to the “real” thing or are they just half or three quarters as good?

high speed recording to PC from Cassette deck

I'm trying to increase my productivity. People give me 120 minute cassettes to transfer to CD and I spend two hours twiddling my thumbs waiting for the audio to get recorded on my PC before I can do any work on it. I know that there are high speed dubbing cassette decks out there. What I want is a deck that can send that high pitched garbled fast audio to the outputs.

What exactly should I store under my second drive?

I am still deciding if i need 2 hard-drives? I know it's recommened but the only Audio I will be recording is Vocals. All the other music will be done through vst plugins
(atmoshphere,trilogy,fm7,battery) in Cubase sx. Would having 2 hard drives boost performance if this is the case?