IME you can get excellent results with an SUT but the cartridge and the SUT must be matched for best results, including all the loading issues, as cartridges have loading issues and SUTs have loading issues of their own and neither can be ignored. That is why they have to matched, so that when the SUT is properly loaded, so is the cartridge.
However I have found the transformers anywhere in the audio chain represent a loss of bandwidth and detail with added distortion. It is in the phono section that they potentially represent the least effect, but as they are located at the very first place the signal will pass through, any issues they have are compounded by the gain and distortion of everything downstream. Now that might not be so bad if an active stepup (that is also being considered) is poorly designed, but it is obvious that a properly designed phono section that has enough gain will give any SUT a run for the money.
Sometimes though you do find certain people who cannot tolerate any noise (and therefore may prefer digital on this account, despite analog being better in every other way). For anyone who has noise issues SUTs represent an excellent compromise. IOW it is possible, using and SUT, to get signal to noise ratios in the -90 db range.
In a nutshell: for maximum transparency and bandwidth go direct if you can. For minimum noise go with an SUT.
With less than state of the art equipment IMMV!