The greatest misconception about effective mass is in it's name. It's not mass at all! It's inertia. It's the tendency of an object to resist changes in its state of motion which varies with mass. Speaking turntables - it's the amount of resistance a tonearm applies to the movements of the stylus in the groove. Ideally, we wouldn't want any of this resistance at all - but in practice somebody just got to keep the stylus in place while the record spins under it. That's the job of the tonearm and just by this simple fact alone we introduce a whole bunch of undesired phenomenons into the equation - one of which is inertia (a.k.a effective mass).
See... The stylus 'wants' to travel (say) to the right b/c the groove takes it there - but, unfortunately, the top of it is attached to the heavy tonearm and it has to drag the entire cumbersome mechanism with it in order to be able to go right. Even more unfortunate is the fact that in relation to the mass of the stylus, the tonearm is a damn tank. Furthermore, by the time the stylus manages to move the 'tank' with it, it now 'wants' to go to the left, becuase that's where the modulation in the groove takes it. But now, it has to fight off the mass of the tonearm that it barely managed to move to the right just a millisecond ago and to overcome the tendency of the tonearm to 'want' to keep moving right. It's a constant battle and the tonearm's mass is translated into 'inertia' which is the force that resists the stylus desire to change direction. The stylus always wants to change directions - the tonearm always doesn't. By how much it doesn't - is called 'effective mass'.
So effective mass in not mass - it's inertia! In fact, even the common measurement (in metric grams) is a misconception. This is brought to you here, by the tonearm manufacturers, as a curtsey to the layman. Effective mass, like any inertia, is measured in Kg/m/s2 (that is kilograms per meter per second squared). Since we're talking very small mass here - everything is divided by 1000 and so we're actually dealing with grams per millimeters per second squared. The general em formula relationships are manipulated such that we're left with grams only - but nevertheless it's Inertia!!!. Keeping that in mind it's easier to regard effective mass for what it is.
Another misconception is the relationship between 'effective mass' and mass. If you add 1 gram to the tip of the tonearm you do not add 1 gram of effective mass to the tonearm No way Jose!. You do not add a 1/3 or a half - none of it catches here. So, how much do you add? Well, that cannot be described in English, it can only be described in a math equation. This is what it looks like:
M(kg) = m(r²/L²) + (Z/3)
m is the counter weight mass
r is the counter weight distance from the pivot
L is the effective length (pivot to stylus tip)
Z is equal to twice the mass of the front end of the tonearm at the effective length. Your headshell mass is part of 'Z'.
M is the effective mass and the whole thing is in kilograms but it doesn't matter. This is just to demonstrate why the relationship between mass and effective mass is not as straight forward as one might think. By now I got a headache from all this math, so lemme try to explain this in another way...
Suppose you got a sports car that weighs one ton. This is one of those real top notch cars where the centre of mass is also the centre of the chassis and it handles wonderfully and makes the babes spin their heads in your direction... Yeah! OK, for some odd reason, you got a date with your 200Kg home safety deposit box. You somehow manage to drag your date, using your kid's skateboard, to your hot shot car and buckle it tight to the passenger's sit, right next to you.
What you've done so far (other than being kinky), is you added 200Kg to your car's mass of one ton so you're handling 1200Kg of a lean mean power machine instead of the spec'ed 1000Kg. In effect, and unwittingly, what you've also done, is change the road handling characteristics of your car. If you now try to take that favourite right curve of yours doing 80mph like you always do, you may notice (with very high likelihood) that your car is not being it self any more, and that it might actually want to go to the left while all at the same time you want it to go to the right. That is because your heavy 'date' has it's 200Kg of inertia and it too wants to stay in the same direction. It does not want to go the right with you! In fact it's resisting your desires and more importantly, the change in motion direction. Now, since your sports car is designed correctly, this may not be as crucial as it seems and you may still survive that curve. However...
One day you just realize there are some things you cannot do with a safety deposit box (that are fun and legal at the same time) and you want a 'real' date. Having such a hot shot vehicle of lust you have no trouble finding a date after you own heart - but being the sentimental turntable type of guy, you sorta don't want to separate with your former love affair and you carry (don't ask me how - it's your car) the heavy box to the boot.
It is still the same 200Kg of steel, only now it's in a strategic location of your car's physics. Your real hot date is in the sit next to you and while driving down-town to that sheik restaurant, you pass that favourite curve of yours in the road and you just can't resist. Can you guess what happens now? I betcha but lemme tell you anyway... The back part of your car has more inertia than the center of mass (because the heavy metal box is in it). That specific part of your car, applies more resistance to the change in direction (centrifugal forces anyone?) than the fron or center of it, and the result is you find the back of your car in front of you. That is not a nice discovery at high speed while in a curve!!! Your car spins and you find your self in an embarrassing position stuck to the back of your date, which is stuck to the front of a tree, while that safety box, you love so dearly, is stuck to back of the both of you. This is not what you had in mind...
OK now... Anyone with a motorcycle and a nervous girlfriend who likes to move too much knows this. Inertia is a force not to mess with when it comes to high speeds, sport vehicles and sharp curves. It is also not a force to mess with when it comes to tonearms.
So what have you done? You've added the same 200Kg to different locations of your car and got totally different behaviours for the same 1200Kg. You changed the mass of your car by 200Kg (20%) - but you did not modify it's inerita (road handling) by the same ratio for both times. Mass matters more at the extremes when it comes to inertia. So when we're dealing with tonearms there's some things to keep in mind:
L (the leverage or effective length) will affect the importance of the real estate the most. In other words - the tip of the tonearm is the most strategic location where mass can affect inertia. Adding just a tiny amount of mass to that specific location might, just as well, be equivalent to the total effect the counterweight has on the effective mass of the tonearm. It's that important! This is where 'r' vs 'm' in the formula kicks in.
Having said that... movements of the counter weight back and forth across the back of the tonearm seldom changes effective mass by any significant amount. It's typically punched in and pre-calculated into the specs of the tonearm and it's a generic part of the given effective mass.
Just the same and more importantly, the effective mass given for a tonearm always comes with a range of recommended cart masses. That range is punched in the spec'ed effective mass. Of course changes in that mass affect the effective mass of the tonearm - that is always true, like lini said earlier. But, here comes the bottom line of this longer than expected post:
If you are exceeding or somehow coming short of the specified range of cartridge masses for a given tonearm you are not only changing mass (weight) and effective mass (inertia) your are also screwing with it! Change is OK and is factored in while screwing with effective mass is not.
Using a penny (1 gram) on a headshell like your daddy, or Thomas Alva Edison or whoever it was that told you to do, is, for all intents and purposes, screwing with effective mass. Cartridge weights, in general, are screwing with effective mass. Those items are reserved for the sole purpose of usage in tonearms with a back center of mass, where extremely light cartridges are the only way to go and you can't find one or don't, rightfully, want to pay for one. So if you don't want to end up stuck to an analog tree - please stay in range!