Great tonearms. In my experience the L versions had more quality control issues than the shorter versions; maybe because they didn't manufacture many? Also, there is some debate whether "S" versions actually existed or what the moniker stood for. I have owned two Micro Seiki MA-505 "S" arms and neither one of them utilized silver wire. One did have silver-coated copper, though. But I prefer copper anyway so it wasn't a big deal for me.
As for cartridge compatibility, almost any good medium compliance will work great on these tonearms. My reasonable cost go-to MC was the late great Benz Ace L (Red) but I also enjoyed Grado Reference and Platinum models and most of the Soundsmith line. I had an old Sumiko Talisman S retipped and it was sublime on the MA-505 MkII. Finally, while I wasn't a big fan of the Shelter sound I had a matched set of 501s (stereo and mono) that sounded quite good on the MA-505.
As for cartridge compatibility, almost any good medium compliance will work great on these tonearms. My reasonable cost go-to MC was the late great Benz Ace L (Red) but I also enjoyed Grado Reference and Platinum models and most of the Soundsmith line. I had an old Sumiko Talisman S retipped and it was sublime on the MA-505 MkII. Finally, while I wasn't a big fan of the Shelter sound I had a matched set of 501s (stereo and mono) that sounded quite good on the MA-505.