from rothwell...
In order to make this transformer match the cartridge with a load impedance at the primary of 5 ohms, a load on the secondary of 6480 ohms could be employed instead of the 47k normally found on an MM phonostage.
Lets say for example the goal is to load a cartridge @ its internal impedance. I agree with Rothwell that heavily loading down the secondary of a SUT to reflect the desired load to the cartridge is a mistake. However.... One could simply accept the 47kΩ termination on a 1:36 will reflect back 36Ω. In order to reduce the cartridge load to 5Ω, simply parallel a 5.8Ω resistor with the cartridge. (it is kinda cool how 36^3=47K)
I have done this experiment and can emphatically state that in this case 5Ω≠5Ω. In the case with the load applied through the transformer it seems like a blanket has been thrown over the speaker. This is the exact "thick" sound people report from this type of loading. The error all too often made is incorrectly attributing the sound of the reflected load to the cartridge when it is actually the sonic nature of the loaded transformer. Simply doubling the turns ratio of the SUT and then loading the cartridge at the same 5Ω nets a very different sonic result. Thick, dark and muddy are the last terms I would use as descriptors. To complete the circle on this I have then taken a transformer loaded Jfet based head amp and compared the same cartridge above loaded at 47kΩ and at its internal impedance and I would say the overall pattern of sonic character followed that of the transformer with the additional load placed on the cartridge directly and the sound of the "traditional" heavily loaded transformer secondary is the outlier.
dave