Instead of talking about "X factor", which is probably confusing to a neophyte, why not just impart the simple equation that governs the input impedance seen by the cartridge? Which is that the input impedance seen by the cartridge will be the value of the input impedance of the phono stage divided by the square of the turns ratio of the SUT, which is given in the notation, "1:10", for example. So, for a standard 47K ohm MM input resistance/impedance and if using a 1:10 SUT, the impedance seen by the cartridge will be 470 ohms (10-squared = 100; 47K divided by 100 = 470). In such a set up, the input impedance can never be higher than 470 ohms, unless one were to place resistors in series with the signal, which is a no-no. So what these SUTs that allow some adjustment of the load resistance must do is to insert a resistor in parallel with the 47K ohm load, which results in a lower input impedance, every time. (The parallel sum resistance of any two resistors is always less than the value of the largest of the two resistors.)