The feat has not been attempted since Dunaden ran 14th under 59kg in 2012 and he is one of only three to try it since the turn of the millennium.
Four-time Irish St Leger winner Vinnie Roe ran fourth in 2002, while Yeats, a dual winner of the Irish St Leger, was seventh four years later.
Racing Victoria enhanced the likelihood of it recurring this year when it raised the minimum topweight to 59kg, at the same time raising the limit weight to 51kg, and Racing And Sports head of handicapping Adam Blencowe said Al Riffa had claims at being considered a legitimate chance to buck the trend.
The son of Wootton Bassett earned a Timeform rating of 125 for his four-length win in the Irish St Leger, which is the identical figure that another France-bred entire Gold Trip ran to win the 2022 Melbourne Cup.
"Al Riffa will inevitably draw comparison with other Irish St Leger winners to tackle the Cup but Al Riffa is better than the typical Irish Leger winner," Blencowe said.
"As such, comparisons are not disinteresting or uninformative, but perhaps the best recent like-for-like is Gold Trip who carried the same colours, and 57.5kgs, to victory in 2022.
"It is easy to spot the differences, but the similarities are there – not only in attributes, but in the measurable talent that those attributes give rise to.
"It is true that Makybe Diva is the only winner with 58kg or more in the modern Melbourne Cup, but such runners are infrequent, accounting for just three percent of Cup runners since 2000 and showing their lone win (4% of 25 Cups won) in a finer light."