@lewm Since the cartridge functions as the input resistor to the opamp, the impedance of the cartridge affects the gain of the circuit (as you probably know, the gain of an opamp will be the ratio between the feedback resistor and the input resistor). This suggests that as the impedance of the cartridge goes up, the gain of the circuit goes down, which is probably good since the output of the cartridge will be higher.
I've not messed with this circuit to any great degree, so I don't know what constraints might exist, but I'm sure there are limitations- there always are. I just thought I'd point this first bit out.