I have a PH302 and use the MM input with an external SUT. It has always been very quiet and hum free.
Maybe the transformer input of the MC input is providing a break in the ground loop - I'd still be suspecting a ground loop of some sort. Since I star earthed all my electronics off the same wall socket, I've had zero problems in this regard.
There is a ground lift switch on the rear of the PH302. You could try this, but it made no difference in my setup.
Is the hum in both channels or just one?
If only one, perhaps there is a 'dry' solder joint in the MM input. I've experienced this issue before with another preamp - resoldering a joint on a relay fixed the issue. If the hum is in both channels, this is probably less likely (ie there would have to be 2 faulty joints, you'd have to be unlucky).
Maybe the transformer input of the MC input is providing a break in the ground loop - I'd still be suspecting a ground loop of some sort. Since I star earthed all my electronics off the same wall socket, I've had zero problems in this regard.
There is a ground lift switch on the rear of the PH302. You could try this, but it made no difference in my setup.
Is the hum in both channels or just one?
If only one, perhaps there is a 'dry' solder joint in the MM input. I've experienced this issue before with another preamp - resoldering a joint on a relay fixed the issue. If the hum is in both channels, this is probably less likely (ie there would have to be 2 faulty joints, you'd have to be unlucky).