Fastxr, What you are saying, about poor build quality of a VPI Model 17, is virtually akin to saying you bought a 1978 Chevy Camaro, and the engine knocked, leaked oil, had bald tires, and was in a poor state of repair.
This model 17 you acquired is most likely many years old, may have seen a number of different owners, cleaned 70,000+ records, and was a unit that went through much use, much misuse-neglect.
I'm not sure, but what you say about an open top to both resovoirs on the 17 having open tops to them, is still possibly true today, that the resovoirs are buttoned up to a bare sheets of MDF, thus exposed to the ravages of moisture, and time.
These can be addressed by an end user, but perhaps many would agree for the price that is paid, they shouldn't have to be.
Rubber Foam Gaskets, which are commonly used to seal Vacuum Motor to Resovoir tank will dry, rot, shrivel, and go bad over time. Nothing, especially parts like this last forever. It would be like saying "my oilpan gasket should've lasted forever on my $60,000 Mercedes", but eventually all things can wear out.
I've done a number of mods to my own VPI 16.5 RCM to enhance its performance, and increase its longevity for long term, heavy duty use.
They are not that hard to work on, and inspect, repair, and modify. I'll agree that MDF is not the ideal material to ever be used in the vicinity of fluids, so with that said, one should take measures to insure swelling, and water damage will not occur, or can be minimized. It is as simple as a small can of Polyurethane Varnish, and a Caulk Tube of RTV Silicone Caulk.
The 16.5 RCM has been kept cheap for more than one reason. One reason is of course to keep profits up by the company, and the others are to produce a machine that can be affordable to the masses. Should VPI themselves address every single possible issue that could ever occur to this RCM, you can best believe the price tag will rise significantly. That many of the needed modifications, and improvements can be implemented by the end user for a much lower cost.
Those issues are, needed additional cooling (fan in many instances), replacement of a poor material choice of a Cork Mat, the sealing of exposed MDF Surfaces within the machine. Nothing a weekend project, and roughly around $50 in costs to alleviate-rectify. Mark