The Reed 5T and the Schroder LT are very similar arms. They work on the same principle which you can review here
https://www.youtube.com/watch?v=oIoHvCE9F0IThe Reed is animated while the Schroder is entirely passive. Both arms are pivoted. They do not suffer from horrendous horizontal effective mass. Both arms are dead straight and if set up correctly do not generate any skating force. They have to be right on the tangent, the turntable has to be dead level and the record has to be dead flat. All of these parameters are unlikely to be met so there will always be a little skating force one way or the other but magnitudes lower than any offset arm.
The Schroder arm is brilliant. It uses groove friction to operate it's horizontal pivot platform and a magnet to maintain the correct position. It is very hard to describe but you can see the patent here
https://patents.google.com/patent/US8576687B1/en.
Lewm, both tonearms maintain tangency within 0.05 minutes which is pretty incredible. Both will easily out perform any offset arm not to mention any straight line tracker of any type because cartridges do not have to suffer under the high horizontal effective masses these arms have and are subject to very little skating force.
I am leaning towards the Schroder LT. It is 1/2 the price and just an elegant design. The Reed has one major advantage. It has removable arm wands like Graham arms and you can get them in a range of effective masses so you can tailor it to any cartridge. Switching from one cartridge to another is a breeze. Obviously the Schroder is going to be more durable in the long run.
Uberwaltz, you are not missing anything. 12" arms are less critical of set up. We all agree they have less tracking error I hope. This means that if a cartridge is misaligned by 1 degree this will have less of an effect on a 12 inch arm relative to a 9 inch arm. Frankly, you either get the cartridge exactly where you want it or let someone else do the job who can. There is no magic here. Anyone with two functional hands and two functional eyes can do it. Just make sure the stylus guard is in place and save the beer for after the job is done unless you have an essential tremor than drink the beer first!