I seriously doubt you will achieve an audible difference. If the cable was deteriorated, that’s a different issue.
I would look to upgrading the TT sometime, perhaps one with the potential to change the tonearm.
Think long range now, what arm(s), cartridge(s), alternate mono cartridge; future phono input(s), try MC someday? (I finally did age 72).
These will definitely have audible differences.
mono lps definitely sound better played with mono cartridge, no reaction to vertical movement, and with stylus shape for those size grooves.
smaller size table choice: single arm with removable headshell, primary headshell stereo cartridge; occasionally change to headshell with mono cartridge. Each time adjust tracking weight and anti-skate. You get pretty quick after a while. Most probably just use the resulting VTA the arm height is set for the Stereo cartridge. Back to stereo headshell, readjust again.
or, larger TT for two separate arms
It took me a whole lotta years, joined this forum, ... I changed everything for two separate tonearms, setup ready to use, back and forth mono/stereo effortlessly during a listening session.
Stereo cartridge in main arm; mono cartridge in 2nd arm. I wish I did it years ago, never paid attention, never occurred to me I would do this.
check out this, 3 arms, fairly compact,
https://www.ebay.com/itm/Transcription-turntable-Denon-DP-3000-tonearms-Grace-960-Grace-565-Denon-DA50-/114368866746?nma=true&si=8bF7YGBC7gvXGQ0%252B95%252Ba638%252FNKE%253D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557 listing ended, but no bids, could make seller an offer, but local pickup NJ. If I didn’t have my current setup, I would run to get it.
Check out the round tonearm base(s), rotates to achieve different arm lengths with a single hole. I like that idea.