Since you said the Node is only borrowed, I’ll assume you don’t have a DAC of your own. If you think you’d like a DAC at some point, I’d get one now, and replace your CD player with a transport only. There are three great budget candidates out there, IMO: the Cambridge CXC V2, the Audiolab 6000CDT, and the NuPrime CDT-8 Pro.
As an intermediate step, if you get a decent DAC, your Arcam probably has a digital output that allows it to be used only as a transport, with your new DAC doing the conversion work.