You're right about that. The optimum capacitance loading is a very narrow range. I was using a Jolida JD9A phono stage, which is highly configurable. Its capacitance loadings were 0, 47pF, 100 pF, 200, 300, and maybe more. The SL12x0's cable has 100 pF capacitance. I found that the optimum was right in the middle between 100 and 200 pF, at the 47pF setting (+100pF in the cable). 200pF sounded OK but not quite as good to my ears as the 147 total.
11-16-14: Fleib
The 150 and 440 have different generators. The 440 treble glare comes from a rising high end and a cantilever resonance at 16KHz. ... Both need < 200pF capacitance and to cure the 440 treble, load it around 30K or fit it with a 150 stylus.
I have since switched to an older MAGI Phonomenal all-tube line stage. While the newer version has a 0pF setting, mine starts at 100 pF, meaning a total of 200pF. It sounded OK but was a touch bright, so I added the 1-ohm resistors to my Magneplanar 1.7s and that fixed it. Good thing, because--like its name suggests--this phono stage is phenomenal.