Lustre 801 is tonearm for MC heavy not for MM medium or high compilance.
Not really, it is very flexible with a choice of cartridges, but as i said to use higher compliance MM one need a lighweight counterweight and lightweight headshell. The stock headshell is very light.
Two Lustre counterweight looks almost identical, but they are different in weight (look at the manual).
The arm is fine for Mid Compliance cartridges, on my pictures you can see a very rare Pioneer PC-1000 mkII (MM) cartridge on it.
To use MC one must add not only a higher mass counterweight, but also a high mass hingweight, then it can be used even for SPU or FR-7f i;ve been using on it too.