QUOTE(archagon @ Nov 14 2006, 03:42)

Hello, Hydrogenaudio!
I recently purchased a used SL-1200MK2. It appears to be in great shape (even the pop-up light still works!), but I'm a complete newbie when it comes to the following:
1. Is dropping (and subsequently bouncing) the stylus from a height of ~2 inches likely to hurt the cartridge or tonearm? (whoops! it's so light...)
Certainly not recommended. But these turntables are likely to be fitted with DJ cartridges which, whilst not offering quite as good a sound quality as a similar price Hi-Fi cartridge, are much more robust than Hi-Fi cartridges. (ie They are designed to withstand back cueing and scratching, which would kill most Hi-Fi cartridges, as well as a much higher tracking weight.)
QUOTE(archagon @ Nov 14 2006, 03:42)

2. When at rest, part of the tonearm isn't parallel to the platter. It curves downward at a slight angle towards the end, positioning the cartridge below the platter. Is this normal? (edited in Paint for clarity) (it's a bit difficult to photograph, sorry!)
Where it sits when not playing a record is unimportant.
When playing a record the tonearm and cartridge top should be parallel to the record surface. The tonearm height can be adjustment to achieve this by rotating the base of the tonearm.
Also make sure you set the anti-skate correctly:
After setting the tracking weight, using a blank record (ie no grooves) the stylus should stay in the same location on the record - not drift towards the center or out towards the record edge. If you don't have a blank record, then setting the anti-skate to the same value as the tracking weight will give an approximate setting.