I certainly wouldn't be in a hurry to put a decent cart on the end of that arm.
I bought a similar (buggered) Technics a while ago, with a bent arm. It's worth fixing - I went for a CF arm-tube and some headshell bits that I machined along with a full re-wire, sounded great. I'm sure I've seen someone else insert a different arm-tube with integrated headshell on theartofsound, otherwise you can buy the individual parts of the tonearm assembly.
Before
After
I bought a similar (buggered) Technics a while ago, with a bent arm. It's worth fixing - I went for a CF arm-tube and some headshell bits that I machined along with a full re-wire, sounded great. I'm sure I've seen someone else insert a different arm-tube with integrated headshell on theartofsound, otherwise you can buy the individual parts of the tonearm assembly.
Before
After