Greg, I wondered if you might be referring to the threads loose on it. Although the belts are all only a few hundred miles old, that AC belt does look rough. I purchased all repro belts with correct look and part numbers from Quanta and have wondered about the look of that belt.
The alignment was just a camera angle illusion in the other picture. It is straight.
I’ve been confused on terminology of fans used here. I have always called mine the flex fan because it is what my original window sticker calls it. The clutch was replaced in June ’75 when I got some AC stuff fixed but I don’t recall nor have receipts that show the replacement of the fan.