Output impedance
The output impedance in this case means the internal resistance of the analogue audio outputs of the phono stage. Without going into too much detail, the meaning of this parameter can be described as follows: the lower the output impedance, the less the voltage drops at the output of the phono stage (actual signal level) when an external load is connected.
There is an opinion that, ideally, the output impedance of the phono stage should be as low as possible (and the input impedance of the load connected to it, on the contrary, should be as high as possible). This is partly true, but in some situations, on the contrary, models with a high output impedance perform better. Therefore, this indicator in modern phono stages can be different — from a few ohms to several thousand ohms. The choice of the optimal value depends on the external load with which the device is planned to be used; there are many specific nuances here, they are described in detail in special sources.
Signal to noise ratio (MM)
The signal-to-noise ratio provided by the phono stage when working with an MM-type pickup (see "Intended use")
This parameter describes the relationship between the average output level and the average noise floor of the device. The higher it is, the clearer the sound is, the less extraneous interference it has. On the other hand, it is worth remembering that the overall sound quality provided by a phono stage depends on a number of other parameters. As a result, an advanced model with high sound quality may have a lower signal-to-noise ratio than a low-cost device.
Note that in universal phono stages (see "Intended use") the signal-to-noise ratio for MM cartridges is usually higher than for MC ones; this is due to the technical features of both.
Harmonic distortion (MM)
The coefficient of harmonic distortion provided by the phono stage when working with an MM type pickup (see "Intended use").
The lower this indicator, the less distortion the phono stage gives, the more reliable the output signal is. It is impossible to completely avoid such distortions, but it is possible to reduce them to a level that is not perceived by a person. So, it is believed that the level of harmonics of 0.5% and below is no longer audible even to a “trained ear”. However, it should also be borne in mind that the quality of the audible sound is also affected by distortion from other components of the audio system. Therefore, the harmonic distortion of the phono stage should not just be below 0.5%, but as low as possible. Values in hundredths of a percent are considered a good indicator, values in thousandths and below are considered excellent.