Even with magnetic levitation designs, there are quite different approaches. The ClearAudio and Verdier, etc., designs float the platter, with a shaft only used to center the platter.
Some designs use magnetic levitation to reduce the load on a conventional bearing. This load reduction reduces wear and reduces the amount of noise generated by the bearing itself. Hard contact, in this design, is not designed to just prevent vertical movement, it is used to allow dissipation of any vibration imparted in the platter by the stylus tracking the grooves of the record. The bearing itself is part of the path for dissipating this energy.
Some designs use magnetic levitation to reduce the load on a conventional bearing. This load reduction reduces wear and reduces the amount of noise generated by the bearing itself. Hard contact, in this design, is not designed to just prevent vertical movement, it is used to allow dissipation of any vibration imparted in the platter by the stylus tracking the grooves of the record. The bearing itself is part of the path for dissipating this energy.