I used to have a 505S (S stands for silver wire) years ago. I don't remember its azimuth can be adjusted on-the-fly. The lateral balance weight was designed to counter horizontal arm movement in case the table was not perfectly leveled. It has nothing to do with azimuth. You are supposed to adjust it so that when the counter weight is balanced and the anti-skating is at zero, the arm should be floating and be stationary.
I don't know much about the MKIII but the on-the-fly VTA, anti-skating, and tracking force adjustments are very handy. I miss that arm.
I don't know much about the MKIII but the on-the-fly VTA, anti-skating, and tracking force adjustments are very handy. I miss that arm.