A good prelude arm is actually a very nice quality tonearm. Did a lot of research on them in years past, and what I found from talking to people who were around for the development, as well as some real Oracle gurus, was that they had some iffy quality control on them. If you've got a good one, it is a heck if an arm and will take some beating. If it Had a bad one, likely it was swapped out ages ago.
I've had a couple of them in the past, and they were all great.
Btw, does the autolift still work on yours?