The key advantage of MC is that a ruler-flat frequency response can be achieved more easily. It is not "lower moving mass than MM cartridges", that's an often repeated myth.
Actually that is not quite true...
Getting flat frequency response with MC is much more difficult than with an MM/MI design.
With the MM/MI (High inductance) designs, you can use the loading (resistive, capacitive) and the inductance to "tweak" the frequency response - choose the rolloff point, boost an area where due to another effect there is a drop, etc...
As a result an economical cartridge can achieve a flat frequency response...
Yes - the economical aluminium cantilever has a resonance at 11kHz - but this balances out a drop in sensitivity due to economical solid permaloy construction, and then there is a rolloff due to high inductance which happens at 16kHz, but that is OK as it is balanced by an electrical resonance boosting at that frequency (the result of well designed and selected loading and inductance interacting). - This example is based on the Shure M97xE - but the AT120E and AT440MLa are very similar in their approach as are many other "budget" MM's
With an MC, or other low inductance design (including some MM's and MI's) - the cantilever response is "Naked" - the loading cannot be used to adjust the frequency response within the audible range.
So the cantilever and needle must be of sufficiently high quality to provide this flat frequency response without further adjustment.
This is why many "budget" MC designs are NOT neutral - they have cantilever resonances within the audible frequencies, and no counterbalancing electrical damping.
But with a really excellent cantilever, set up to have its resonances at up above 25kHz (in some cases above 70kHz), the audible range is left free of resonances, free of phase anomalies - and very very clean.
The best MM designs do exactly the same!
The Shure V15VMR used a relatively low inductance with relatively low capacitance to ensure flat electrical response with just a slight droppoff at the very top end.
The cantilever was designed with a resonance at 35kHz - which provided a very very slight rise at the very top of the audible range, and the resonance itself outside the audible range. (and suppressed by the droppoff generated by inductance and capacitance so it does not cause problems with the phono stage).
Cartridge internals used a laminated core to reduce HF droppoff as well.
Net end result -a flat frequency response, and a very neutral cartridge. (Other cartridges that use this type of approach include Ortofon OM30/40, Audio Technica AT150MLx, Stanton 881S, and other representatives of true TOTL MM design....)
On the other hand the Dynavector Karat - achieves the same using a very very short (1.7mm) cantilever made of solid ruby, with a low output MC design which keeps the audible range completely ruler flat, the cantilever design moves resonance up to above 70kHz - so within 20-20kHz it remains ruler flat.
Some have described this cartridge as sounding "CD Like" in the best of ways... another approach to neutrality.
The best designs of both MM and MC use the same cantilever approach - but at the under $200 price points, MC's simply cannot achieve a neutral response - whereas MM/MI's can.
(Not saying they cannot sound good...)
bye for now
David