Here’s my current assessment, which has been nicely summarized by @intactaudio : basically, the cartridge is naturally developed as a current generator,
I was pretty convinced of ^that^ myself, but I still have some lingering confusion.
however for the past decades, phono stages were created to unnaturally transform the cartridge into a voltage generator by adding the load in the phono stage.
Unnatural is a bit subjective. If one shoves the current across a resistor then they can measure the voltage across the load like ohms law states. Ohms law seems like it is “natural”.
However, when the cartridge operates as a current generator, no external arbitrary loading needs to be added to the signal created by the cartridge. So, it seems, based on my limited knowledge, that the current based phono stages would be most naturally associated with phono cartridges.
Many people use the Sutherland, and other trans -impedance phono stages, and love them. Usually with carts that have a very low output impedance.
And they do have an allure.
And many phono stages use a voltage based design, and/or SUTs and love them.
I was leaning heavily towards the Sutherland, but got a phono stage with SUTs built in, mostly because I liked the look of it, and it had two inputs.
if we look at a step up transformer, with an input to output ratio of 1:2, then we see that the voltage is doubles, and the current is halved.
If it is 1:20 then the voltage is x20 and the current 1/20.
A cart does not look too dissimilar as the input winding is serviced by the magnetic field of the magnet. The magnetic flux varies with the cantilever movement.
The output winding is the coil.
- When there is a lot of windings, like on a MM, we get more voltage and less current. (Probably better for a voltage based amplification.)
- When there are fewer windings we get less voltage and more current. (Maybe it is better for a current based amplification?)
- Then there is a middle ground with a bit higher output voltage or with a higher output impedance were it seem like it is unclear and all bets are off.
^This^ is not much of an answer, other than the choice of phono stage sort of relies on a cartridge in front of it.
And in this case we sort of need to “put the cart before the horse”.
Or…
We already have the selected phono stage, and we damned well better select a cart that will work with it.