Ride, Wrench, Swap, Race
Join Date: Jan 2010
Location: Northern California
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Bikes: Cheltenham-Pedersen racer, Boulder F/S Paris-Roubaix, Varsity racer, '52 Christophe, '62 Continental, '92 Merckx, '75 Limongi, '76 Presto, '72 Gitane SC, '71 Schwinn SS, etc.
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One more thing that can affect the pad's centering about the rim would be the cable housing length going from any cable housing stop point on the toptube.
From the photo I'd say it looks normal though.