Thanks again, particularly Photon. The 1.5mv version isn't listed on Needledoctor's website, but I read an old forum elsewhere (from 2003) that they've "not discontinued them yet". Presumably this means I could get the retip price at N.D. AND get the 1.5mv version, which sounds like a reasonable idea.
I have found out that the settings on the Grado Ph1 are simply "low" and "high", with some confusion about which setting to use for a 1.5mv cartridge (it apparently depends on whether the 1.5mv cartridge is considered high or low output!). I wonder if a lack of gain-setting increments might cause a 1.5mv cartridge to hum?
Also, after reading my turntable's instructions, Music Hall recommends having a professional install anything other than what the factory installed. There is a screwplate through which the screws pass on the top of the headshell. Perhaps this screwplate moves around, and WOULD move around once the screws were removed? Maybe I could remove them gently without disrupting the position of this screwplate? I am worried I would mess it up... and I have no protractor or anything. I do know an audiophile who passes through my town sometimes, I could ask him to help if you folks think I should. I AM a novice.
Also, indeed my cartridge is .5 gram lighter than the newer Jarrah wood models, so the rebalancing you mentioned would be required - this I think I can handle.
Positive news: the retip price is fully $80 less than what I thought it was. Realistic news: time to start saving for this stuff. Thanks, Nicky