The cartridge is fine but it's not a good match for your tonearm, and the tonearm isn't a good match to the Denon 103R. The SME III is too light by a wide margin. You had prior success with the 103D because it is more than twice as compliant as the 103/103R, and works well in the lower-mass arms that were common during its period of manufacture. You have to keep in mind that just because a Denon cartridge is labelled a "103" does not mean its compliance and dynamic characteristics will be identical between variants. 103/103R, 103D, 103M, 103S all have distinctly different compliance, cantilever, output and diamond shape specs, for example.
The 103R will come to life in tonearms with effective mass of, on the light side 12g (you will want to add a supplemental mass shim when you mount the cart) to roughly 20g. In the proper tonearm, a 103R will give your speakers plenty to resolve.
Phil
The 103R will come to life in tonearms with effective mass of, on the light side 12g (you will want to add a supplemental mass shim when you mount the cart) to roughly 20g. In the proper tonearm, a 103R will give your speakers plenty to resolve.
Phil