Lewm, I have an Audio Research LS-1 specifically for it's Mode switch, which offers Stereo/Reverse/Mono/Left/Right from it's main outputs. It's fun to switch between Left and Right on early Stereo LP's, like The Beatles. Vocals on one channel, instruments on the other!
But a mono switch is not the same as a mono cartridge. The mono cartridge senses only the horizontal modulation, ignoring the vertical. The mono switch blends the left and right channels, and a stereo cartridge creates it's signal from both horizontal and vertical modulations. When tracing the grooves of a mono LP, the signal a stereo cartridge creates from the vertical modulation is of only the noise contained therein. It's true that putting your Mode switch to Mono when playing mono LPs with a stereo cartridge reduces groove noise, but how and why? I gotta get me a mono cartridge!
The Decca/London stereo cartridges are unique in having each of it's two coils dedicated to one of the two modulation planes, one for the horizontal, one for the vertical. That's the stereo version; London makes a mono cartridge, which omits the vertical coil. I'd say that's a "from the ground up" mono design!