My question is this:-No. Two independent factors must be correct for a stylus to trace the arc on such a protractor:
If your tonearm MOUNTING DISTANCE is out by 5mm (1/4"), can you accurately align the arc using the Wally or Mint and thus all will be well?
1. Placing an arc protractor on a TT spindle positions the (invisible) center point of the protractor's arc at one precise distance from the spindle. Spin the protractor where you will, this dimension can never change.
The tonearm must be mounted with its pivot point at exactly the same distance. Otherwise you'd be trying to trace the SAME arc using DIFFERENT center points, which is obviously impossible.
2. Once you've achieved #1, the stylus must trace an arc of the same radius as the arc on the protractor. This is easiest to adjust if your headshell has slots.
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As to fine-tuning that tonearm mounting distance, several factors can help and a Feickert-like device may or may not be necessary:
1. A pivoting armboard simplifies gross adjustment. In such cases the armboard drilling need not be perfect.
2. Holes in the tonearm mounting plate which are a little larger than the diameter of the mounting screws allow fine adjustments. Again, drilling perfection isn't required.
3. The mounting distance headshell jig supplied with a Graham should be as accurate as a Feickert. A TriPlanar's pivot point is easy to see and measure. I can get as close as a Feickert by laying a ruler across the top of my TT spindle and pivot. It sits perfectly level while I tweak the position before tightening the mounting screws.
As usual, there are several ways of skinning this cat. The Feickert is certainly a good one, but it's not the only. I've not needed it with my tonearms but on others I might.