I don’t know of any SUTs which provide a bypass function, although perhaps there are some.The Denon au-320 most definitely has a straight through bypass option as I have told Elliot in previous threads.
I used mine to run a 0.24mv ZYX into input 1 running at the 1;10 setting and input 2 had a regular MM cart running through it on the bypass selection when in use.
Both worked perfectly well to my ears running into a Manley Chinook (amongst other stages) set at 47k and 60db gain.
And by that I mean QUIET!
I liked the flexibility of having two SUT in one AND a bypass option, gave a lot of options re cartridge choices.
Oh and I liked the prices of used AU-320 units!
So the 0.3mv should be perfectly fine at 1;10 into the mx phono.
YMMV