Ordinarily, I'd agree with you. If you have alternatives-- a more adjustable second turntable, a brace of T4P-compliant cartridges-- there'd be no need to even consider the MG-29P. Unless you had a need for a cheap, easy to replace stylus for extreme duty, like the attempted playback of damaged records.
Vinylmasters is, or was, or made noises like, a professional-- in any case, he's no stranger to kludges that would make the hypothetical n00b wilt, and he it was who asked about the MG-29P, which has a stylus not too dissimilar to that of the very non-T4P-compliant Stanton L500AL, which weighs 8g or so. The only thing the MG-29P lacks in comparison is the clamp-on weight.
So if Vinylmasters wants to investigate the cheap-to-replace 740-D7 or DE in a p-mount format for his particular needs, I'll tell him to stick a dime on the MG-29P and have at it, because the solution is simple, direct, and only costs a dime.
If, on the other hand, it were a hypothetical "nube" asking the question who hypothetically turned out to have no money for the adjustable turntable or more cartridges, or was simply curious about the sound, I'd tell him the same thing, and leave the esoteric discussions and dire warnings to my betters, because I'm just that lazy.
Now, whether there are any excuses for noncompliant cartridges that present themselves as compliant: no, I'd have to agree that we should let fly with every hostile emoticon at our disposal.