I guess (not sure) the theory of moving coil implementation was to have as little mass of tip+cantiliver as possible to keep it in contact with record grooves and have good transient response to groove modulations in motion. (Remember development of vinyls was from 78s to 33 to 16 for same reason) Also it will require very low mass tonearm, which ultimately will require fluid damping. to control resonance and vibrations. (again not sure)
But there are examples of very low mass MM cantiliver also. I think Technics had one. Forgot the number.
Regards.