My platter is also 1/4" above the plinth. I've no problem fitting the caps over the springs. Perhaps you do need new springs, however before your go that route you might try lowering the platter to 1/8th inch. So long as the platter is operating perfectly level and that space is even around the platter I don't think this height issue is that critical. Worth a try.
Regarding the tone arm. My Oracle came with the Oracle arm - nice arm but a PITA - I changed it to a MMT. I did not change the spring(s) and it has worked fine, however I've always felt, subjectively, that the spring on the arm side could have been a bit stiffer. When you press down on the platter and release it, it doesn't move up and down in a perfectly vertical motion. But in practice it didn't really make a sonic difference, to my ear anyway.
Wish I could have been of more help........
Regarding the tone arm. My Oracle came with the Oracle arm - nice arm but a PITA - I changed it to a MMT. I did not change the spring(s) and it has worked fine, however I've always felt, subjectively, that the spring on the arm side could have been a bit stiffer. When you press down on the platter and release it, it doesn't move up and down in a perfectly vertical motion. But in practice it didn't really make a sonic difference, to my ear anyway.
Wish I could have been of more help........