Hello Lawrence,
If we rotate an object at a fixed RPM, say 33 1/3 RPM, and measure the velocity at different points along a radii from the spindle, we will see that as we measure the velocity at points further along the radii away from the spindle, the velocity will be progressively greater.
Please excuse me if I'm getting too elementary, but here is another way to look at this:
Imagine a spinning propeller. Now walk up to it and touch the area near the center hub. It will be rotating slow enough near the center that it is not very uncomfortable to touch it, right?
Now attempt to touch the perimeter of this spinning propeller, it has a LOT higher velocity and is far more dangerous to touch, right?
When we are spinning a record and the spindle hole is off-center, the radius changes in a cyclic manner every 360 degrees, and as we know, radius changes also produce velocity changes. Cyclic velocity changes in turn produce wow.
No alternative tonearm design or anything you do with a tonearm can correct this. You cannot correct spindle hole off-center wow via any means at the tonearm. The problem is inherent to the cyclic radius change and can only be corrected by addressing the off-center hole problem or by periodically changing the platter rotational RPM to compensate (and that would be a bad idea).
So the Rabco or any other tonearm design cannot correct for this form of wow.
Best wishes, Professor Bizzt