Bill, Not a good idea because of capacitance. Capacitance will cause a HF roll off probably before you notice a loss of gain. That’s throwing the baby out with the bathwater.
"I just set inputs on the preamp to 2.8v - up from 2.0." What does that mean? And are you referring to the phono stage or to your linestage?
If the cartridge actually puts out 8.6mV RMS at 5 cm/sec, that is quite a bit off of the factory spec of 5mV, presumably representing peak to peak voltage. "RMS" voltage I think if memory serves is calculated by dividing the peak to peak voltage by 1.414 or square root of 2. That means peak to peak V was higher than 8.6V. I don’t get it; I doubt Ortofon specs would be that far off from reality. Then I found this on the Steve Hoffman forum: