It sounds like you have solid info above ( a rarity!)
In general, people struggle with too little photo stage gain, especially from low output moving coils where the max may be something like 1/2 mV, rather than too much.
In the good old days, manufacturer’s targeted a nominal interface at the preamp line of 1V rms = 2.83V peak to peak. Today this has been obliterated, mostly by DAC manufacturers wanting to have their products double as preamps. 2.2 and even 6 and 10 (!)V rms are not unheard of. Yes, i’m talking to you Theta., Rant off.
But 1V is still a solid target. So a MM cartridge that has, say an 5mV peak output might require a phono stage with 1/.005 > 200X gain (@ 1 kHz) or 46 dB. Bingo. A MC with 0.5mV peak output would similarly require 10X more, or 2000X (beginning to see why moving coil amps must be low noise???) or 66dB.
A 10V overload (rms or peak?) is huge.
As noted, in the vast majority of preamps, the first thing the RIAA stage output signal sees is the (passive?) volume control. So the point becomes moot. EXCEPT!!!!! for those that first:
a) hit a buffer
b) have monolithic resistor arrays as a volume control (like my prototype*)
c) have other similar circuitry first
In high end, which values simplicity and a pure signal path these are rare.
* note: the monolithic chip has been a learning experience. As a postulated it is in fact superior to most conventional volume controls with huge UI benefits, but it also carries lots of pitfalls, this being but one.