I've owned and used this cartridge since 1993 after upgrading from a number of carts (Micro Acoustics 630MP was the last one). I've replaced my stylus twice and am still happy with the sound. Many here say the newer Shure is better, but I've also read some reviews saying that the Type-V in particular sounds better than the newer Shure incarcation. Moving Coils will give a significantly different sound, but with other issues (including needing a MC front end, much more system sensitivity, more record wear required by the usual higher tracking forces, more possibilities of arm/cart interactions) not to mention the higher expense.
If you're a casual listener, I'd get a replacement stylus and be done with it, assuming you have all the original packaging and alignment tools, etc. Otherwise, I'd agree with the other posters to try a newer cart, exp the current Shure.