alcohol is a catchall term for a few different alcohol chemicals found in the drug store/liquor store. Isopropyl alcohol, Denatured ethanol both can be called rubbing alcohol but the latter is more commonly found as rubbing alcohol and IPA usually is sold as isopropyl alcohol or isopropanol. And of course there is pure grain alcohol, 95% ethanol with the remainder being water. There is a eutectic point at about 95% ethanol that makes distilling to a higher purity more difficult.
These all can be solvents and I don't know what glues or other sensitive materials are used in Ortofon cartridges, wire insulation, suspension components and such that might be affected by them. Ortofon warns against using alcohol so I just don't use it. The alcohol will also attack the glue used in the discwasher stylus cleaners rendering them useless. The glue softens and migrates through the brush and glues the bristles together.
Older vehicles from the onset of lead free gasoline frequently warn against using more than 10% ethanol in the fuel due to degradation of the rubber components in the fuel line. Since this info dates to the 80s and we are now using E10/E15/E85 and all ethanol for fuel, newer components in the fuel systems are designed for the higher alcohol content of fuels.
There are other things that can clean a stylus.