I've always wondered the same thing. If the cartridge is adjustable in the headhell to achieve correct alignment, what does the S curve or the straight arm matter?
At any rate, I found the following through Google. Read with skepticism...I don't swallow the argument about stright arms ALWAYS tracking better....
The "anti-skip", straight tone arm maximises tracking ability at the cost of sound quality and record wear. The position of the stylus within the groove changes on a straight arm deck as it approaches the centre of the record by varying degrees. This effect is known as tracking error - the higher the error, the more distortion within the sound. Although this is not so much of a problem with the spherical styli that DJ cartridges use, it still ensures that the stylus is not resting in the optimal position for audio reproduction over different points of the vinyl during playback. For purely scratch based applications this is an advantage if you can live with the decrease in sound quality and increase in record wear.
The classic 'S' shaped tone arm is optimised to get the best sound quality from the record whilst keeping tracking levels as high as possible. The 'S' curve in the arm is designed to dissipate any external vibrations along its length, whilst positioning the stylus at the correct angle for optimum sound reproduction across the width of the record surface. Thus, you get the best of bold worlds, albeit without the enhanced 'un-skippability' of a straight arm deck but with minimal tracking errors.
In conclusion, if tracking ability is the main criteria for your turntable then a straight arm deck is a must. Be aware that your records will wear quicker whilst sound quality will not be optimum, although it's the ideal solution if your looking for turntable purely for turntablism only. However, for a broader range of DJ'ing applications including turntablism, an 'S' shaped tone arm equipped deck is more versatile. The ideal solution of course comes from turntables which offer interchangeable tone arms - the Numark TTX-1 so far being the only one on the market to date to include this option.
The quote is from a forum talking about DJ tables, mostly. I have listened to many arms of each style...certainly if the cartridge is aligned correctly, I don't think there is any human ear that could tell the difference.
Dave