Answering one of the main questions of [S.-D. Friedman, T. Hyttinen and V. Kulikov, Generalized descriptive set theory and classification theory, Mem. Amer. Math. Soc. 230 80, Chap. 7], we show that there is a tight connection between the depth of a classifiable shallow theory [Formula: see text] and the Borel rank of the isomorphism relation [Formula: see text] on its models of size [Formula: see text], for [Formula: see text] any cardinal satisfying [Formula: see text]. This is achieved by (...) establishing a link between said rank and the [Formula: see text]-Scott height of the [Formula: see text]-sized models of [Formula: see text], and yields to the following descriptive set-theoretical analog of Shelah’s Main Gap Theorem: Given a countable complete first-order theory [Formula: see text], either [Formula: see text] is Borel with a countable Borel rank, or it is not Borel at all. The dividing line between the two situations is the same as in Shelah’s theorem, namely that of classifiable shallow theories. We also provide a Borel reducibility version of the above theorem, discuss some limitations to the possible complexities of [Formula: see text], and provide a characterization of categoricity of [Formula: see text] in terms of the descriptive set-theoretical complexity of [Formula: see text]. (shrink)