I built one for my TT after moving it to a location where floor vibrations could not be completely dampened. My major problem was keeping the magnets apart. They can easily be coaxed into flying together unexpectedly and any unfortunate appendages falling between them will suffer the consequences.
I have heard no difference between the table with and the table without the strong magnets nearby (except for the suppression of floor vibration which works admirably). The field is essentially static and strongest at the corners of the platform where the cartridge isn't, so I wouldn't expect there to be much of an effect on the signal. I am using a Grado moving iron cartridge rather than low output moving coil, so your mileage may vary.
I have heard no difference between the table with and the table without the strong magnets nearby (except for the suppression of floor vibration which works admirably). The field is essentially static and strongest at the corners of the platform where the cartridge isn't, so I wouldn't expect there to be much of an effect on the signal. I am using a Grado moving iron cartridge rather than low output moving coil, so your mileage may vary.