Re: New Mandolin Player... Have a Loar 520, is a Kentucky 800 Bet
Seriously, you would be better off avoiding small 'incremental' upgrades.
The next logical step up would be to something like a Kentucky KM900/950 or (F-style) KM1000/KM1050. You'd hear (and feel) a significant difference there. Alternately, look in the classifieds. Some of the smaller, independent-builder stuff surfaces regularly in the $1-$2K range. You can find some impressively nice instruments like that.... leagues ahead of the likes of 'The Loar' (any model).
Gibson F5 'Harvey' Fern, Gibson F5 'Derrington' Fern
Distressed Silverangel F 'Esmerelda' aka 'Maxx'
Northfield Big Mon #127
Ellis F5 Special #288
'39 & '45 D-18's, 1950 D-28.
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