Pre-amp needed?!

Hi, please forgive my ignorance, but I currently have a Rega RP6 turntable, with the Exact MM cartridge, Rega Fono stage and Bottlehead Mainline headphone amp.
I was looking at getting the Bottlehead Reduction to replace the Rega, but I have a couple of questions -

1. I'm pretty sure it is, but this phono stage is designed for Moving Magnet cartridges right?
2. Will I also need a pre-amp? (hence the subject title  ;) )

If any advice could be given before the sale ends on Sunday, that'd be great!
 
Reduction is intended for use with MM cartridges with at least 5mV nominal output. The Exact is well above that and should be a great match.
 
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