Mike, when I assumed the arm was going to need to be raised via spacers, I recommended to Keith that he go to Ace Hardware and get some stainless steel washers of sufficient thickness to get the arm to the required height. If the arm base does in fact afford adjustment, that won't be necessary.
One thing I found surprising in the Moerch is it's having a headshell with no provision for cartridge adjustment---just two little holes big enough for mounting bolts. And the arm base is only slightly larger than the arm's upright bearing column, again affording no means of adjustment. Which means the location of the hole drilled in the arm board must be perfect. Not how I would design an arm! But it is really well made, and the chrome plating is as good as that on SME's---beautiful!