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best mics, or best preamps on a budget?

Okay let's say I have a limited budget(true) and let's say I have not yet bought my gear(true) and let's say I won't have clients looking over my shoulder and asking 'why there is the noticeable absence of a U87'(true):

If I'm reading you guys right, I'm hearing that an SM57 can sound like gold run through a great pre, but a $2G mic sounds like yik run through a cheapo pre-amp.