Thanks everyone for chiming in. Personal experience is always helpful from others specially at different price points. What I'm gathering from the comments are:
a) best to have the "mono switch" within the phono preamp to minimize any added signal loss and/or distortion. I'm planning on getting a used phono stage so the KAB mono at $200 feels money best spent on a phono with mono switch. And don't see any KAB mono in the used market. Thanks
elliottbnewcombjr
for the suggestion.
b)Stereo cart may sound as good /better than a Mono cart, but as anything in this hobby feels like it depends on the implementation of the product, cost difference, etc. The example of the $1k mono cart having more soul than a higher priced stereo cart certainly shows that there is room for experimentation once/if one goes deeper into this hobby.
c)Not being able to have a mono cart, separate rig, separate tone-arm, but having a mono switch may buy some time before the upgrade-itis kicks in.
As a picky perfection seeking engineer, looking for the highest resolution and imaging in my current digital rig, I'm sensing that I won't sleep soundly without a mono switch on my future phono preamp.