It depends on the size of your mono collection. I ran a seperate arm wand and mono cartridge and there was a noticeable sound improvement, but in the end, my limited mono collection did not warrant the $ outlay.
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Listening to mono via 2 speakers brings substantially better listening experience vs. one speaker.
Dedicated mono cartridge and mono amp with dual speaker terminals will bring best results.
I've recently experimented with Yamaha vintage mono 75...80w powermixer/2xInfinity SM-102/sony 5520 TT with ortofon 1m cart. It gave me an idea that indeed large collection of vintage mono records will sound substantially better with dedicated mono system.