With dynamic microphone you must use dynamic to electrec microphone adapter circuit. Quick googleing finds that Peltor MT7, MT73 and MT14 microphones needs the adapter board. Peltor MT53 should be electrec microphone by default and should not need the adapter board. (Not tested)
Tested with Peltor MT7 microphone.
Dynamic microphone to electret microphone input circuit [3]Partlist