Interesting I have a M&K Realtime LP and when I play it, it appears to be clipping. I thought the singer was over driving the Mic. Could it be my Pre??
I had a friend over one time swore Holly Cole was overdriving the mic. Or tape. Whatever. Point is he wouldn't believe me when I told him no way. In order for that to be the case the recording engineer, and mastering engineer, and producer, would all have to be incompetent, and on top of that using crap equipment. Not to mention the performer, who most certainly heard it too. And they all let it pass? Not likely. Being honest I told him its almost certainly some combination of room resonance and equipment I haven't got dialed in just yet.
Fast forward several months, bunch of room tuning, few different components, and tweaks, play the same track and its gone. Just totally gone.
I have no idea what you're hearing, but it ain't the mic.