Chakster, I owe you a slight apology: The OP did ask about the Victor tonearm, so far as I can tell.
As to the rubber grommet on the UA tonearms, I will accept your statement that the CW starts out level with the arm wand, because I never owned an NOS one, but I still maintain that a few degrees of "sag" is not catastrophic, and there are reasons to believe it is even advisable, as the sag (a few degrees but perceptible) puts the center of mass of the CW in the same plane as the surface of the LP. Many modern tonearm designs (like your and my beloved Reed tonearms and like my Triplanar) do this deliberately, as it minimizes the change in VTF that occurs as the cartridge tracks a warped LP. Further, the grommet decouples the CW from the arm wand with the pivot in between, which is beneficial also. The later versions of the Triplanar also deliberately decouple the CW using a flexible joint, albeit a stiffer one than the one on the UA tonearms. We’ve had this discussion at least half a dozen times.
If Victor designers really thought it was imperative to have the CW sit in a straight line with the arm wand, do you think they would have incorporated that flexible grommet, which inevitably permits sag, in the first place? I don’t. So, the photo you showed of the tonearm that is to be purchased by the OP looks perfectly OK to me. The sag is minimal, and I wouldn’t touch it. Elliot, my advice is leave it alone. Enjoy.
As to the rubber grommet on the UA tonearms, I will accept your statement that the CW starts out level with the arm wand, because I never owned an NOS one, but I still maintain that a few degrees of "sag" is not catastrophic, and there are reasons to believe it is even advisable, as the sag (a few degrees but perceptible) puts the center of mass of the CW in the same plane as the surface of the LP. Many modern tonearm designs (like your and my beloved Reed tonearms and like my Triplanar) do this deliberately, as it minimizes the change in VTF that occurs as the cartridge tracks a warped LP. Further, the grommet decouples the CW from the arm wand with the pivot in between, which is beneficial also. The later versions of the Triplanar also deliberately decouple the CW using a flexible joint, albeit a stiffer one than the one on the UA tonearms. We’ve had this discussion at least half a dozen times.
If Victor designers really thought it was imperative to have the CW sit in a straight line with the arm wand, do you think they would have incorporated that flexible grommet, which inevitably permits sag, in the first place? I don’t. So, the photo you showed of the tonearm that is to be purchased by the OP looks perfectly OK to me. The sag is minimal, and I wouldn’t touch it. Elliot, my advice is leave it alone. Enjoy.