The MC1 is a step-up transformer designed to raise the output of moving coil cartridges up to a level compatible with moving magnet phonostages. The purpose is not simply to allow moving coil cartridges to be used with moving magnet only phonostages (which most valve designs are, for example), but to allow moving coil cartridges the chance to realise their full potential. Transformers have much more benign distortion characteristics than active circuits and they are capable of producing a truly sublime soundstage with detail and separation unsurpassed by the more common transistor and op-amp alternatives. Don't be misled that transformers are an audio anachronism long since made obsolete by the wonders of modern solid state technology - they're not. The reason that they are so rarely seen nowadays is that transformers are incredibly expensive compared to transistors and chips. A complete moving coil compatible phonostage is obviously more convenient than a separate transformer and moving magnet phonostage, and a moving coil phonostage made entirely with solid state circuitry is considerably cheaper to produce than one with transformers, hence the rarity of moving coil step-up transformers. This is shame because many audiophiles have never even heard a transformer coupled moving coil cartridge and don't know how good it can sound.