I tend to agree with you with regards to MOI...
I purchased the JVC so I would have an exchangeable headshell table to use for easy measurement and experimentation with differing cartridges.
The Revox is a royal PITA to change cartridges on - definitely NOT something to be done casually or regularly.
Due to our predilection for high cu MM's I also focused on obtaining lighter headshells - the original OEM HS for the arm is 11g.... I have a number of headshells of different types in the 6g to 9g range.
With some of the lighter cartridges (OM with weight removed) mounted on my lightest HS, I also had to track down some lighter Counterweights so the arm would balance... - Which allows me to select whichever counterweight will balance at the closest point to the pivot.
End result is I normally shave around 4g to 6g from the standard OEM effective mass of the arm.
It still is NOT a low mass arm but I can get it down to low-mid mass.
The Revox arm is definitely ultra low mass at 4g.... and even with p-mounts which are relatively porky 6g cartridges and then the p-mount adapter, the end result is still well within low mass territory.
The same cartridge in the Revox also shows a slight upper-bass/mid hump - but now the peak is only 1db rather than the 2b peak I get in the JVC.
Also my own testing with various electrical loads tends to lead towards lower resistance rather than higher in many cases... so I don't think I am underdamping.... - and so far I have stuck with "factory spec" VTA/SRA - top of cartridge/arm level when playing.
Mass vs Bass - you think? - I'm not so sure about that equation... The servo damping controls resonance motion of the arm in that LF range...
And theoretically speaking... assuming a flat record.... the arm should be immobile - allowing the needle/cantilever to move in the groove from a stable overhead support.
The only problem I see with excess mass is that the arm responds more slowly to vertical (warp) motion - requiring that motion to be absorbed by the cantilever suspension.
I may be missing something - but I am not getting the conceptual link between increased mass and decreased bass...
Most of my measurements have been done using the JVC as that is why I purchased it... but I have been planning to get back into the P-mount cartridges more heavily - and part of that will involve some back to back comparisons between the two tables...which will be interesting.
I also found the vintage reference to the Revox mods done by Empire - the flaw they were working on was a 30Hz resonance not a 300Hz resonance.... which may explain the slight increased bass I saw on the Revox - will have to measure again and take a look at that.
Among other major mods, Empire also fitted the Revox with beefier damping magnets - to cater for the Empire/Benz MC cartridges...
This seems to imply to me that the level of damping applied in the system is probably best suited to lighter cartridges (5g and down?) - and in p-mount mode, the Revox will be running effectively with 8g cartridges... There are just so many variables with vinyl...

The 30Hz resonance may be less evident or even absent with an appropriately light cartridge.... (Ultra400 might be perfect, or the V15VSAS, or the OM ) - where the damping can work more easily on a lower mass system. But the process of changing cartridges....

In any case I had been starting to get a handle on the various dips and humps in standard MM frequency response measurements - the low-mid hump was my outstanding unexplained item... and the variance between the two arms, has shown me that it is at least partly Arm/TT related, as opposed to cartridge/cantilever.
It is by no means an offensive effect - although inaccurate from an absolute perspective - the Turntable sounds very good.
I think I will try the least intrusive damping mods first.... suggestions that sound promising:
1) Teflon/Shrink Wrap the arm tube
2) Damp connection point btwn Headshell and armtube (will experiment with some plasticine to replace the normal washer.....
As I am measuring the results with a real time spectrum analyser, I will know very quickly whether it is working or not.
Another thought: The 1db boost centered on 300Hz on the Revox could potentially be related to the p-mount adapter, and its flex/vibration... This is something I can test by using an identical P-mount and 1/2" mount cartridge pair with the same stylus.... and seeing how it differs.... another exploration....
bye for now
David