I have the ARC ref 2 and use it with a BAT 52se. I had a Benz with an output of 0.35 which was OK with the low gain (balanced output) 95 vol setting (140 max). Also a vDH cart which is even lower, this was again ok at 95-104 vol.
If I want to listen to loud rock say N Young or White stripes I used the high gain.
I have recently purchased two new carts with outputs of 0.5 and 0.55. These work perfectly with the ref 2 on low gain.
I prefer the low gain as the ref2 gives a sweeter more realistic sound and produces a better image/stage, when listening to jazz or classical.
I think this is a flaw in the ARC, as for me, it rules out very low output carts. Fortunately there are some excellent higher output devices now.
Having said all this I dug out a 30yr old FR 1 iii to try. It sounded superb on the low setting with an output of.14Mv. However I needed to turn the vol to 110.
I think the BAT helps being virtually silent, even at high volume settings.
I recently compared an Allnic 3000 to the ARC. I was surprised to observe the Allnic has a considerably lower noise floor and much greater gain. I guess this is due to it's use of step up trans formers, which add a bit of extra colour.
I am hoping to upgrade to the ref2 se which I believe is quieter.