Those specs are incomplete. What voltage gain do you expect (apparently flat over audio range, with RIAA in the following MM preamp)? MC is 300uV/10ohm, looks to me like the MM input is 3mV/50k
I don't know what is causing your apparent high gain with no DC applied, but I would keep looking for a problem.
Without a transformer, you cannot have a voltage gain > 1 with no DC applied. It is defying logic at all levels
For example, what are you using for a generator, what is its output impedance, what happens when you connect the generator directly to your probe without the circuit? During those measurements it was at 2v
What do you see at the output of the amplifier with no generator, DC on and off? Zero
By the way, using a grounded-base input circuit for a low-Z MC cartridge will work, but there is no improvement in noise performance over a grounded-emitter (normal) amplifier.
The equivalent input noise voltages of a CB and CE amplifier for a given transistor and operating point are equal.
Your circuit is essentially a feedback inverter, with a low-frequency gain determined by R467 and R463 (approximately), and has R467 (180Ω
) in series with the MC source, degrading its thermal noise. I wish I understood that in greater detail