They're both very nice arms. I have a 12" Universal w/ VTA and it's a wonderful arm, and greatly adjustable, though I'm not sure that the VTA lifter adds much value (very limited adjustment range for a reduction in rigidity, though perhaps something's wrong with mine). The Universal pairs great with Shelter Harmony, but avoid pairing with a Koetsu stone. My dealer paired my old Innovation up with another Universal and an Ortofon A90, so I'd assume those are good matches as well.
I've played with the Magnify at my dealer's and it's a nice arm too, but the Universal has a better quality look & feel. The one Clearaudio arm I can't stand is the one with the pure magnetic bearing (the Magnify is a hybrid that works much better) -- that thing is a nightmare unless you're on concrete slab floors!
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