I know from experience with four or five phono preamps that the quality of the 47K ohms (or close) input loading resistors greatly influences the sound. I use TX2352 Vishays, and sent a pair to the buyer I sold a Wright Sound two-chassis phono preamp to, part of the deal. After replacing the Audio Note Japan tants I had in before, he emailed me, "Wow! What a difference!", and went on to describe the improvement.
Yet that resistor goes straight from input to ground, so one might think that it just "wastes", throws away, part of the input signal, and isn't itself in the signal path. So, on those premises, its quality shouldn't matter.
I have a guess as to why it does matter, but would love to hear from someone who wouldn't be guessing.