The PP1 is for moving magnet or high-output moving coil cartridges only. A good low cost phono preamp that will play both moving magnet, plus high output and low output moving coil cartridges is the Rotel RQ-970. It lists for $199 and can be had used for as little as $100. They come up for auction on eBay quite often. It was favorably reviewed by Stereophile a few years ago. There are other good reviews also. Creek also makes a decent low cost phono preamp; they are separate MM and MC models.
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