I would say that the arm is more crucial - with a top-notch arm you will be able to better appreciate and discriminate the difference in cartridges. I have never heard the Graham either, yet based on what I've read I'd like to have one as well. My thinking is that perhaps my cartridge (a LO.4) isn't performing to it's highest potential on my current arm, and swinging it on an arm like the Graham may bring out it's best. The same may be true of your Goldring.
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