As can be seen from the plots, they are sensitive to loading on their primary and secondary windings, including capacitance. Get it wrong and their frequency response and phase curves aren't pretty. But get it right and they are pretty darn good.
So with the Soundsmith you have a cartridge that is sensitive to loading and transformers can be adversely affected when loading ( either primary or secondary or both ). It's a recipe for disaster unless you get a transformer built specifically for the cartridge and you know your targets.
And then there are the colourations ( which you ignored ).
In my case I have a custom built moving coil step up that is current based ( designed and hand built by a cartridge designer ) which does not have these issues, but more importantly has much higher resolution than any transformer I have tried thus far - and this includes some of the most highly regarded transformers ever made. Obviously the current based step up is unlikely to work with the Soundsmith MI's and I am not prepared to lower the resolution of my system to accommodate one cartridge.