Replacing MM Cartridge suggestions phillips table


Fellow audiogoner's need your help. I've decided to plunge back into vinyl. Haven't played records in years so I need to replace my cartridge. I have a Philips 312 Electronic belt drive turntable. It tracks very well from .5 to 1.5 grams. Back in the day it competed (almost) with Thorens. I have a MA 2002E cartridge which I paid $250.00 for in the early 90's. My system is B&W N802, Wadia CDP with a crown amp and pre. I listen to jazz so hearing the full music spectrum is important, high-mids-lows. I've looked at a few manufactures but honestly I have no clue. Like every thing else there has been a big price increase over the years. How much do I need to spend in todays dollars to get the sound of a $200.00 dollar cartridge from the 90's? I've seen prices in the thousand dollar range, do you have to go that high to get a cartridge that matches the sound quality of a CD? I've been told that playing vinyl will make me forget my 200 plus cd collection. Thanks in advance I would particularly like to hear from jazz listners. Also do you think a 20 year old table that seems to play like it was new stacks up to whats available today or do I need to start over?
So if you have experience going from digital back to vinyl give me your recommendations on brands and price range.
walkelin
Greetings all. Sorry for the thread resurrection but I'm in need of some help with my Philips GA 312 Turntable. It was restored recently and it was fitted with a new Ortofon Om5e Cart. Now I have the Philips 312 TT connected to my McCormack TLC-1 Deluxe Preamp with a NAD PP-2 Phono preamp. The cables are vintage Esoteric Audio Musica 200 cables.

I'm finding that I'm getting a lot of harsh treble from this set-up which is causing a siginificant amount listener fatigue for me. My speakers are KEF Q-90s. I was playing some classical music at a moderate to low volume and was experiencing some discomfort.

Could it be I need to change the Ortofon OM 5E cart? Is the NAD PP-2 at fault? I'm just experimenting with vinyl. I was just curious to know why audiophiles always say it sounds better than CDs. Any help is much appreciated with this. Thanks in advance.
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Viridian

Thanks so much for your input. I'm going to look into your Audio Technica recommendations. One thing that I wonder is that when I first got the table I got the weight wrong on the tonearm and I remember hearing a grinding noise coming from the needle whenever I played records at first. Could I have damaged the needle or cartridge? Also what about a standard mount Grado Blue cart as a replacement to the OM5E? I'm able to get an almost new one locally at a decent price. Thanks again.
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