Unfortunately, the Luxman is not the most intuitive phono stage when it comes to operating it. The gain settings that are on the front panel relate to MM. The manual and the reviews show that in moving coil mode, the gain level starts at 55 db, corresponding to the 36db on the dial and then increases by 2 db for each of the remaining gain levels on the dial. Therefore, at 40, the max MC level would be 59 db. In other words, the MC section adds 15 db to the MM section at each level, because of the transformers. Hope that helps.
Also, the loading values correspond to the internal MC impedance nof the cartridge. For instance - the Kiseki pH has an internal impedance of 40 ohms and is typically loaded at 400 ohms or more, externally. But with the Luxman, I use the "high" MC impedance setting which is right at the 40 ohm level of the Kiseki. A perfect match!
Also, the loading values correspond to the internal MC impedance nof the cartridge. For instance - the Kiseki pH has an internal impedance of 40 ohms and is typically loaded at 400 ohms or more, externally. But with the Luxman, I use the "high" MC impedance setting which is right at the 40 ohm level of the Kiseki. A perfect match!