The only objective reason for using the cascode arrangement is that it solved the problem Triton (FetHead) had with FET's blowing because they are rated at 30V. See https://groupdiy.com/index.php?topic=74016.msg939589#msg939589JohnRoberts said:Doing a search of JFET cascode circuits I found almost the exact circuit
An additional problem was that, due to the rather high drain-to-gate voltage, there was significant noise current, that resulted in significant noise when used with high-ish impedance sources.
Because the output impedance of the cascode is even greater than the former two-FET circuit, it leaves the actual gain utterly dependant on the input Z of the mic pre, which can be a problem if this input Z is not linear. In addition it provides less-than-adequate loading of the mic pre's input.
I believe the solution is to buffer the FET's outputs and manage to protect the FETs from over voltage; that's what I and several others (Bumblebee, SE Electronics) have done, with good results.
I understand Triton could not do it within the limits of the very small enclosure they use and manufacturing process.