I suppose I should have preceded my comments with the phrase "I perceive as" because I did not take measurements. In any case, the sound changes, both with loading changes and VTA, and whether or not it is actually added distortion that one might be favoring with a higher VTA and lower loading (higher resistance in parallel), I don't really care; I like what I like. I suspect that a lot of the appeal of vinyl playback IS something added, and perhaps something lost, as compared to the original recorded signal, but, I don't have any sort of religious commitment to authenticity/accuracy. I happen to like, for example, many works of visual arts that don't depict their subjects with the same "accuracy" as high definition photography.
If light loading is entirely added intermodulated distortion and the "real" and "accurate" sound is what you get with high loading, I will take distortion. As an experiment, one could try the loading of a MC with relatively high source impedance (like a Denon 103) with something like a 10 ohm resistor. One would have to compensate for the loss of gain from using such a resistor, but, one will hear quite a difference in sound as compared to a light loading (e.g. 47k); I would not chide anyone for preferring lightly loaded and accuse them of having incorrectly becoming "accustomed " to light loading.