I belive one of the reasons that was missed here, was that straight tone arms had a tendency to resonate causing much unwanted noise. S shaped tone arms solve this problem, more or less to a greater degree. This is why higher end turntables that had straight tone arms, were made out of wood that would not resonate. With S shaped tone arms, just like electricity, sound likes to go in straight lines, not around corners. Making it S shaped, increased the tone arm length lessing this effect. The tone arms were also hollow tubes, giving it a tad bit more mass to help. I remember reading this when my Father got a turn table back in the late 50's. I forgot what make it was, but the tome arm was made out of rosewood. Other woods that has lots of "air" in them, like balsa, were used. You also have to take in account the tracking forces that were used on some of the available cartridges at the time and what types of equipment you used to listen to your vinal. Even today, your high end tone arms are made of composite materials that dampen any resonate frequencies very nicely and are hollow, not solid like the older ones were. However, the S shape was and still is a standard on a lot of new units also. Whether it is fashion, who knows....but that was the main reason for the shape.