Axelwahl,
I just finished re-aligning my Air Tight PC1 in my SME V arm using the MINTLP TRACTOR. I learned much in the process. First, contrary to what I've read about the SME V, cartridge zenith is slightly adjustable. When I noticed through the 10x loupe that the cantilever was not parallel to the thick MINT lines I was able to rotate the cartridge about 3 degrees by loosening the mounting screws and turning the cartridge until it lined up with the markings on the MINT. Second, azimuth can also be slightly adjusted by tilting the arm base before tightening the set screws. Though more modern arm designs like the Graham Phantom and the Tri-Planar are much more easily adjusted, the SME V can be adjusted in all of these areas for what I have found to be near-perfect alignment.
The MINT arc-style protractor is an excellent tool for alignment. I'm not experienced enough to know if proper alignment will solve your tracking problem, but rest assured, your SME V can be properly adjusted for excellent alignment. I have found that after I adjust anything on my arm, I have to recheck the armtube distance to the spindle with that SME supplied plastic guide. Good Luck.
Peter