Whoa, there Mstram. Slow down a little. Three posts (well, two anyway) on your own thread before anyone gets a chance? No fair. ;-)
Has the technology evolved over the last 15 years to the point where moving magnets now have the resolution and finesse of a fine moving coil?
In a word, no. Grado's have many fans of course, like any brand, but those who particularly value "resolution and finesse" do not seem to be among them. Grado's are widely praised for a very full-bodied and warm midrange. They are sometimes chided for a lack of HF extension and air, somewhat loose bass and two well known performance issues: a tendency to hum in the presence of unshielded AC motors and a tendency for the suspension to develop a "wobble" if mated to a less than perfectly matched tonearm. Search here or on VA for "Grado hum", "Grado wobble" or "Grado dance". You'll learn more than you ever cared to know. Maybe you'd have those problems. Maybe you wouldn't. I haven't had a Grado myself and couldn't predict.
When choosing a cartridge for an existing system it must suit your phono stage electrically, but it must also suit your tonearm mechanically. Both relationships are vital.
Let's start with the tonearm. Your SME 309 has an effective mass of 11g. This makes it suitable for a medium compliance cartridge. Something around 12-16cu would be best, depending on the weight of the cartridge. Your goal is to choose a cartridge that, when mounted on an SME 309, will yield a system resonance frequency somewhere between 8-12Hz, with 10Hz being "ideal".
A Grado Ref is a high compliance (20cu) cartridge that weighs only 6.5g. Its resonance frequency on a 309 would be dangerously near the recommended floor of 8Hz. This could make it sensitive to warps, footfalls and other floor-borne vibrations.
A Shelter 501MkII is a low compliance (9cu) cartridge that weighs 8g. Its resonance frequency on a 309 would be around 12.6Hz. This could lead to impaired bass response.
I'd look at other cartridges. Neither of these is a particularly good match for your tonearm.
For electrical matching you need to look up the gain (or choices of gain) and input impedance (or choices thereof) of your phono stage. Those two facts will determine the cartridge output levels and types it can handle. Find those two numbers and I'm sure useful and workable recommendations will be plentiful.