Tim, I have quoted you a response as it is part of the answer to your comments. But its not all- there is another factor.
Many preamps employ active EQ to do their job. The problem is that there is a propogation delay (the very measurable time it takes for a signal to move from input to output) in the phono (or tape) preamp. If active EQ is involved, the feedback signal will arrive slightly late at the input. Now at low frequencies this is not a problem, but as frequency goes up it becomes more and more pronounced (because the propagation delay is a fixed value). The phenomena varies from circuit to circuit depending on internal speed (slewing) of the circuit.
What can happen, and happens more than the industry really ever seems to talk about, is that a tick or a pop (which is a high frequency event due the sharp risetime they require) can 'ring' in the circuit. A simple way of looking at this is that the tick might appear, it gets amplified and fed back, but at the input the tick is already gone. But we now have a (weaker and negative) copy of the tick that is once again at the input of the preamp, offered by the feedback network. It has to make its way through the preamp too! This is a simple model of how this ringing can occur.
This problem seems to be exacerbated by poor high frequency response/slewing rate; of course there is a direct correlation to propogation delays in such circuits being longer.
The solution is to use no feedback (a circuit with no feedback is more stable than one with feedback and stability in this case is important) and passive EQ. You can still get the bandwidth (we spec 100KHz) but now the source of ringing has been eliminated. Since the circuit is zero feedback, methods other than feedback have to be employed to keep distortion down. (Keep in mind also that the preamp cannot be overloaded by the tick or pop; it must have very good IMD at high levels as previously implied.) The supply in particular must be quiet to prevent IMD. The tick or pop is then presented in its actual, non-emphasised amplitudes, occuring over a shorter period. The result is they are far less audible! I had this demonstrated to me in spades about 25 years ago; the difference can be quite dramatic, one where you would have thought the same record to be defective with one preamp and fine with another.
Bandwidth and high slew rate are really one and the same. If you want a circuit to have a high slew rate, it will also be capable of wide bandwidth. You can't "get the real audible audio band right in the first place" if you don't have the bandwidth (as Holman was fond of pointing out decades ago), you need that to reproduce phase relationships correctly! 20Hz to 20KHz just will not do it. You need 2Hz to 200KHz to be able to reproduce all audible frequencies without phase shift. This is because group delays which are an artifact of the cutoff frequency will manifest 10X higher than the lower cutoff, and 10X less than the high cutoff.
---- Great post Ralph, and very interesting your last point about proper frequency response.
...I was, for a very long time, under the assumption that a frequency response (bandwidth, slew rate) of 5Hz to 88kHz was sufficient (roughly 4X at both ends the standard of 20 to 20). ...But you say 10 times.