If the preamp had transformer output, then Chris's suggestion of connecting pins 1-3 as common is correct. If NO output transformer, and the preamp has active amplifier driven balance output, then do NOT connect pins 1-3 together, instead leave pin 3 floating as grounding this to pin 1 will effectively short out the -minus polarity output amplifier. In this case using pin 1 for common and pin 3 for +positive polarity output seems correct.
With saying this, I see no reason to think you're getting higher quality using the balanced output with having a dedicated unbalanced output jack available on this device.