The answer has to do with how the phono stage reacts to RFI as I have pointed out.
Designers also have to be pragmatic about what sort of input impedance is needed to control noise! If it were to be high as you ask about, controlling noise becomes a major problem in a high gain circuit! So 47K was derived as a reasonable compromise decades ago- it allows low noise and a moderate, easy load for almost any phono cartridge.
Ringing at audio frequencies might be a your criteria for loading an MP-1, but there are certainly other considerations for the rest of us, and I would think for MP-1 users as well. That is the sound, irrespective of RFI.
To be clear, 'Ringing at audio frequencies' is no more a consideration for our preamp as any other, as such only occurs with high output moving magnet cartridges. For them, the inductance is much higher and so loading is important.
Regarding the sound, it cannot be considered 'irrespective of RFI': in plain and simple terms if the circuit has RFI problems **the sound will not be right if RFI is present!!** If such is the case then loading will have a beneficial effect.
In more detail: if the circuit is sensitive to RFI, due to poor layout, lack of input stopping resistors, RFI filters, bad grounding (IOW anything that can cause RFI sensitivity), etc., the result will be that RFI will adversely affect the sound. The RFI is generated by the pickup and cable itself: it is not a matter of shielding from radio stations.
Until this fact is understood loading will remain mysterious and a matter of debate.
Ringing and squarewaves is not just cute, it is part of the toolkit one uses to do circuit analysis. It might interest you to know that many years ago I tried to make a box that one could simply plug in the phono cables from the arm and the box would sort out what the right loading was. It was during experimentation to gather data that I saw that LOMC cartridges don't ring at any frequency anywhere near the audio range- in fact even with a 100KHz squarewave to 'ring' them, they still just pass the squarewave perfectly. Once I understood this fact, I was then able to make changes to our preamp design to make it more RFI resistant at its input, which had the effect of making the low impedance loading resistors nearly irrelevant and also improved the sound at the same time- that latter bit of course is what we are all after.
So loading is not about LOMC cartridges and it is entirely and 100% about good circuit design in the phono preamp.