Given that both arm tubes are cast, requiring moulds to be developed, SME must have had the arm in development before the RB300 was released.
Exactly
The magnesium arms were made raw on behalf of SME to a specialized company in Chicago, magnesium is a dangerous material that ignites easily and companies specialized in treating this metal are needed and then returned to SME which worked, finished and varnished them.
I very much doubt that after seeing the Rega 300 in the space of a few months SME designed an entire tonearm from scratch, looked for components from external companies that they could not produce inside the factory, and finally put the V on the market, so in my opinion it was just a coincidence that Rega was the first to bring a one-piece tonearm to market.
The project certainly started a few years earlier, an arm like the V cannot be improvised in just one year, not even for a bet.
This is to say that it was not copied from the RB300 at all (unless there was industrial espionage)