While headroom is good 20 dB is just so extreme compared to anything I have ever seen on a real record (or anything that could be handled correctly downstream) that I have my doubts this is being looked at correctly.
I previously linked to a post by
@atmasphere but here is the text from the link in case you missed it. I am thinking that 20 dB of headroom "seems" necessary due to this effect. In his opinion much of what people think is "LP noise" is actually "self generated" by the interaction between the phono preamp and electrical resonances. I have no doubt experienced some phono preamps having less surface noise than others, it "could" be more headroom but if
@atmasphere is correct it is more complicated than "20 dB of headroom".
FWIW, ticks and pops are often the result of the phono section overloading at high frequencies due poor high frequency overload margins and an electrical resonance set into excitation by the action of the cartridge. The inductance of the cartridge and the tonearm cable capacitance are the source of the resonance. FWIW I designed and manufactured the first fully differential balanced phono section ever made so this isn't coming from some sort of anecdote.