I agree that the Rabco SL-E8 is "primitive" by modern standards, but Rube Goldbergian it is not. My Rabco (though heavily modified by Steve Katz—does anyone know where he is these days?) has operated faultlessly for 35 years! More modern designs have often suffered from reliability problems (ask any Goldmund owner). Theoretically, I agree that air-bearing arms are superior, but they have their own idiosyncrasies, such as noisy pumps and moisture buildup.
Probably the Kuzma is the closest modern analog to the old Rabco, though at a cost of $11,000 (the same current price of the Air Tanagent). By contrast, my Steve Katz-modified Rabco sold for the then outrageous price of $400 in 1977 ($1551 in current dollars). Of course, that inflation is characteristic of most high-end audio products these days.
RonLev
Philly