Litz wire is useful below, say 2 MHz, for applications where the AC resistance is important.
As I stated above, since Litz wire is self-insulated with very thin enamel, it may be preferable for tone-arm applications: silicone insulation is flexible, but much thicker than the enamel.
Can you explain more about why you write litz is important for AC resistance?
The tonearm wires are color coded according to the audio channels, but the enamel isn't. Litz wire is also twisted together, which mean it would be worse than about 34 AWG copper wire that is used for tonearms, each individually insulated with silicone rubber. There are some "wire wrap" silicone rubber cables.
As I wrote, Litz wire is often used for applications where the high-frequency resistance (which is increased by skin effect at high frequencies) is important. Mostly, that is for inductors and transformers, such as 455 kHz IF transformers.
If I were to use Litz wire for a tonearm application, I would use four pieces of Litz wire (or cable, if you will) of an appropriate (small diameter) size, terminated at each end in a suitable lug or clip, and color-code them with a drop of paint on the metal connector. Since each Litz wire is insulated along its length by the enamel, it is not necessary to add insulation there.
My reference for Litz wire is the classic F E Terman "Radio Engineers' Handbook", McGraw-Hill 1943, pp 74 ff for discussion of coil losses, and p 37 for the AC resistance of the wire itself.
(On the topic of coil construction, the 1943 edition is better than some of the later editions.)