There seem to be more than one Grado Platinum. I found two examples, one rated 5mV and the other 0.5mV. If these are not typos, and you're using a 0.5mV cartridge, then that's probably the whole problem and a 3mV cart would reduce the noise in use by 16dB. But if you're using a 5mV cart, the noise with the 3mV will be louder by 4dB.