The topic of this thread is cartridge loading and it only makes sense to look at it from the two terminal perspective of the cartridge without concern of the "technology" used to provide that load. There are two basic extremes of operation of a cartridge. It can operate as a current generator where the load value is << the cartridge internal impedance or it can operate as a voltage generator where the load value is >> than the cartridge internal impedance. There is also a fairly grey area inbetween these two extremes where the load value is ≈ the cartridge impedance. For this basic discussion I think the two extremes need to conceptually be looked at from the ideal with respect to how the cartridge converts a mechanical movement into an electrical signal. Since it is the source to load relationship that dictates whether a cartridge generates current or voltage it becomes important to determine if changing the load causes any mechanical or electrical change to the behavior of a cartridge.
When operating as a voltage generator the load can easily be modified over a fairly wide range and still maintain the basic principles of operation. I think most will agree that loads of 10X the cartridge impedance and up have a cartridge operating squarely in the voltage realm and people will start to cry foul as your load approaches the cartridge internal Z. This doesn't have anything to do with actual cartridge behavior and everything to do with the type of amplification that follows. For voltage amplification the unique case where Rsource=Rload nets a 6dB voltage loss and in the case of microvolt level signals that is huge. Going to the case where Rload is 1/4 that of Rsource the voltage loss will be 18dB which immediately disqualifies that as an option for many. The problem with that categoric disqualification is that you are trying to make a cartridge operate as a source of current into a voltage amplifier. The problem has nothing to do with the actual load and everything to do with using the wrong tool for the job. If the goal is to actually load the cartridge with 1/4 the internal impedance then that load should simply be provided by a current amplifier. If we want to discuss the effects of loading on the behavior of the cartridge we have to assume that the appropriate type of amplification is used.
The first question that needs to be addressed is in a perfect world with ideal amplification, will a 40Ω cartridge sound the same into a 5Ω load as a 47kΩ load?