Thanks Marty (Viridian). I happen to be very familiar with that paper. While it can often be useful and informative, it also oversimplifies and overlooks a number of things.
Relevant to what is being discussed here, it conveys the impression that what will be optimal for a MM is reduction of load capacitance to negligible levels. The rationale being that minimization of load capacitance, in addition to maximizing bandwidth, will eliminate what might otherwise be a resonant peak in frequency response falling within or affecting the audible range of frequencies. What that doesn't take into account, however, are the effects on frequency response of the mechanical characteristics of the cartridge. Specifically, as I understand it, for MM's elimination of that resonant peak will typically result in significant frequency response rolloff in the upper treble region. While if some amount of resonant peaking is allowed that rolloff will be "filled in" by the resonant peak.
At the same time, though, as he indicates too much capacitance can also cause premature rolloff, while also causing the resonant peak to be excessively large and to occur at frequencies that are excessively low. Therefore both too little capacitance and too much capacitance will, for MM's, result in uneven frequency response and/or premature rolloff in the treble region. Which is why the cartridge manufacturers provide, or at least should provide, a recommended RANGE of load capacitance.
Best regards,
-- Al