So from my understanding based on your explanation do you mean that groove noise levels is far more important than SNR?
S/N ratio differs per frequency. Groove noise will exceed the background noise of any decent phono stage.
When you hear no to little noise when the needle is not on the disc and you drop the needle you will hear noise that is higher in level.
Depending on the frequency spectrum of the pre-amp noise and that of the vinyl of course.
The lower the pre-amp noise the better the pre-amp is. Noise from the used vinyl will not change.
Noise from the Emotiva is 20dB (4x lower in perceived loudness) than the lowest gain setting of the Chord (MM)