My question is, do I cut the shield off at the tonearm's end [unterminated] or do I solder the shield with the ground as it has been done with the plugs?
I’m trying to avoid possible hum problems.
You may want to try it both ways.
When I rewired an RB-300 with a single strand of Cardas 4x33, I grounded the shield that wraps the Cardas wire to the tonearm and then let it float on the RCA end (there isn't anywhere to ground it to anyway since this is DIY cable). I have a second sheath of braided stainless steel over the length of the Cardas cable and it's completely floating. It's probably overkill, but there isn't a trace of hum in my system. I also run a ground wire from the table to the phono preamp. Without that, I get hum.