Dear @dhcod : The cartridge/pivotes tonearm alignment must be accurated for the cartridge can shows at its best.
It's not posible to have 100% accuracy but with your protractor you can stay near to that accuracy target.
All over the LP grooves even if we " have " 100% accuracy we will listening different distortion levels but at the 2 null points, so we all the time are heraing distorted sounds. How much distorted? dpends of the accuracy of our aloignment efforts.
With aremovable headshell tonearm the change in the " color " of the reproduced sounds depends of the material of blend materials of the headshell and its build quality. There are several and different headshells that everything the same gives you different " color " no matters what. I don't like FR but that's me, you have try and decide bit not only whith the FR but with other headshells out there.
You said that even with those 5mm out of the protractor grid the cartridge sound good and yes is very dificult ( everything the same ) that with a non-accurated alignment the sounds beeeen really bad and for this could happens the misalignment must be really high. So forgeret that you like rigth now what you are listening because you can listen it with higher quality performance when that cartridge/tonearm been " perfcetly aliggned " and remember that each headshell is part of the sounds reproduced " color ".
Regards and enjoy the MUSIC NOT DISTORTIONS,
R.