A quick note on the complex variable equalization seen on the Citation I: people who had extensive 78 and pre-1955 LP collections had records with wildly varying equalization curves. By the time of the stereo LP in 1958, the world had settled on the RIAA system, and all stereo LP’s use RIAA equalization (to the best of my knowledge).
Some early (mono) LP’s had the EQ marked on the label or the record jacket, or the record company was known for having a house curve, but 78’s were notorious for being all over the place, with no industry standard at all. Even the speeds vary, with 78 rpm merely being the industry average.
So the super complex switching on the Citation is mostly aimed at the record collector with a lot of mono records, both 78’s and LP’s. Some folks even kept their old mono preamp, just to play their old records with varying equalization. For that matter, tone controls were very important in the Fifties, and were still important in the Sixties.
Few speakers were flat, and record companies usually had a house sound, or actually several house sounds, depending on the musical genre. Elvis on a 45 single was not going to be treated like an RCA Red Seal classical record, and the early Beatles sound was very different on the US Capitol release than the Parlophone release in the UK. Tone controls were standard on all hifi equipment back then.
Just to boggle your mind a bit more, cutting a lacquer master from the two-track master tape meant the engineer "riding the controls" as the cutterhead neared the center of the record. Different engineers would have their own interpretation of what the master should sound like ... so yes, there can be many "master records", not just one.
P.S. If I'm reading that schematic right, the Center Channel output, although correctly summed from Left and Right, is actually out of phase with both of them. (The 12AT7 inverts phase.)