Cartridge for Michell Gyro SE and SME 309

I see. MI cartridges are well worth experiencing. In your price range you could easily fit a Nagaoka MP-500, or a Soundsmith Aida. I'd take either over a Grado.

One of my arms is a 309, and it holds a Soundsmith Sussurro. It's a lovely combination. I do have one of the more expensive Grados (Statement 3) but it struggles to keep up.

Just FYI, there is a Michell MC cartridge for sale here on Audiogon (The Music Room), within your stated budget. You might check it out.

Has anyone heard Hana Umami Blue? Heard good things about this. 

You will do much better with a Soundsmith Aida. The Aida has a more advanced stylus profile than the Grado and is also an MI cartridge. Dealing with Soundsmith, IMHE, is better than dealing with Grado although Grado is not bad. The Aida will work perfectly with your arm. You do not get the same level of tracking with a moving coil cartridge until you get to the ones with really small low impedance coils under 2 ohms like the SL Lyras, the My Sonic Labs series and the Air Tight cartridges. All are very expensive and sonically the Aida comes VERY close. Untrained listeners would never know the difference. 

Be aware that MI cartridges do not always mate well with a step up transformer, if you are using a step up transformer.