Yes, the back emf opposes the motion of the cartridge, but it's very small compared to the generated voltage- which is due to the conversion of mechanical energy to electrical energy as described above- and essentially can be ignored in calculating the dynamics of the cartridge arm system.
The above reference from Wyn Palmer touches on one subtlety that often gets missed. Vinyl playback is not a level playing field when it comes to frequency. The low frequencies are the easiest to track due to the low velocities afforded by the RIAA curve. As frequency goes up, so does velocity and accurate tracking becomes more challenging. When the velocities get too high, mis-tracing occurs. I suspect it is at these high velocities where the increasing back EMF from aggressive loading or trans-Z stages can actually play an audible role.
sorry for the slight drift off course. This is related since SUTs, particularly ones with high ratios tend to reflect back loads that can be small multiples of the internal cartridge impedance.
dave

