great points from atmasphere
i would only add that phono stage gain is the most precious of all gains since it magnifies the original and smallest signal
so having more gain than you need at this critical point often introduces noise or distortion that can otherwise be avoided if gain were to be optimized to the cartridge output and the rest of system
to have a lot of excess gain at the phono stage, then to use a passive or other attenuator to reduce it down significantly is, imho, a very unproductive exercise
i would only add that phono stage gain is the most precious of all gains since it magnifies the original and smallest signal
so having more gain than you need at this critical point often introduces noise or distortion that can otherwise be avoided if gain were to be optimized to the cartridge output and the rest of system
to have a lot of excess gain at the phono stage, then to use a passive or other attenuator to reduce it down significantly is, imho, a very unproductive exercise