Thanks for the explanation, but I’m not sure I understand what a "passive equalization circuit" consists of.
It means resistors and capacitors. NO tubes, transistors, or integrated circuits that require a separate power rail to operate.
@jlbkmb1958 I’m not sure where you got the idea that a balanced phono stage requires solid state components - that’s the first time I’ve ever heard such an assertion. As already mentioned, there are examples of balanced tube phono stages with no solid-state components, and some have been around quite a while! What you will see, in some of those, is a Step-up Transformer to provide extra MC gain. That's another kind of passive component (inductor).