Age old discussion I know but MM or MC? Benefits?


Some mighty long discussions on this already here but I need a refresher!
Having decided to upgrage my phono amp to a Dynavector p75 mk3 I am now wondering about my cartridge.
At present I have a Clearaudio Emotion 4 table with a Clearaudio Artist v2 cartridge.
What are main difference between mm and mc that I could expect to actually hear?
And lomc and homc? What is all that about?
Sorry if this has been thrashed to death already but just trying to get a laymans understanding if possible.
128x128uberwaltz
I have both MM and MC cartridge. Not all records sounds good with MC. That's the reason I have both to eliminate any weakness in my system. MM does sound better with rock. But not all jazz sounds good with MC either. I don't like classical music so I couldn't comment on that.

Just like single ended tube amp isn't the answer to all type of music. Vocals SET wins and for rock, push pull for the slam. 
@rbstehno 
Never even considered a mi cart.
Must read up on them
More puzzles...lol
To have both is an excellent idea, either with one table or two. But that's not the option the OP is considering. Again, table rocks cartridge follows, well, if it does.
I read that Soundsmith cartridges must be very precisely aligned, with VTF and anti-skate equally precisely set, that’s that they are more capricious than average. But this might only be true in some not all cases.
I don’t think setting up a soundsmith is any different than other cartridges. You will need to setup vtf and anti-skate accurately to get the best out of any cartridge-IMO