Tvad, it can be (usually not clipping though), but there are other things that can do that that I would think would be more likely. Resonance excited by volume in the system is where I usually start when looking to kill sibilance. Cartridge setup, driver resonance, odd microphonics and cables are a few of the things that I have found to be more common.
Amplifiers and preamplifiers be guilty too so you have to be suspicious of everything.
Amplifiers and preamplifiers be guilty too so you have to be suspicious of everything.