Hey Grindhouse, and welcome to AudioKarma!
It's hard to say from the pictures, but the first shot you provided seems to show that the stylus is not quite properly aligned on the cantilever but that might be just the angle of the camera. Please provide more pics showing the stylus relative to the cantilever, and try to reduce the brightness a bit as Monty suggests.
My experience is that with a stylus just a bit off, you would hear more channel imbalance and the soundstage might not snap into focus as well rather than "distortion, hiss or crackle" which would point more towards a record that's not in very good condition although I suppose a badly skewed cantilever/stylus might tend to pick up a bit more surface noise. Let's see some more shots, and try to get them as straight-on as you can.
Meanwhile, from what I'm seeing so far I would refrain from playing my valuable LPs until you have more information. Another good idea would be to check alignment with a protractor if you have one, preferably one that has a mirror surface. If you don't have one with a mirror surface, it's fairly easy to fashion such a tool by just using a standard mirror and dropping the stylus down on it to see if things are perpendicular and if you get the "hour glass" shape that the stylus will make with its reflection if things are right.