And there's no point in trying, of course. I don't think @hgo58 suggested to switch from MC to MM, but mainly pointed out that those using the MM gain setting mostly find it very usable.I did not try changing the setting to MM.
24/96 is not the default for line in/phono in. You have to explicitly change it to that value. Once, at least.Sampling rate has remained at 24/96.

We also don't really know the input impedance and capacitance of the Ultra's phono input, yet. Even less, if it is really different between MM and MC (as it should be).