I would still clean and lube the table thoroughly, then check the issues again. There may be a spring missing on the tonearm lift if it falls straight down, or it may have been lubed with the wrong lubrication. That's what I have found on my end.
I'd also take the platter off and check the suppleness of the idler wheel just to make sure it's not rock hard. $200.00 is not bad in my opinion if the table only has those 2 "issues". I paid $180.00 for mine,and then paid $220.00 for a full restoration. I know others may disagree on the pricing, but if you're not as well educated in turntable repair as others (I myself am in your shoes,and it was worth the piece of mind for me),it's about the upper end of the spectrum on a non restored working table.
I myself am OCD on turntables and all the fixins they originally came with, so I spent more money on a multi play spindle, 45 adapter, and original head shell overhang gauge. I did wind up selling the 1229Q as I needed to fund other projects in order for me to "test" other tables, and sold it for $600.00,so in hindsight it was worth me restoring it. I probably made about $125.00 when all was said and done, but originally wasn't looking to sell. I did have the table for about a year,so it wasn't a flip. I also found,for me anyway,I liked the 1019 a little better.So it was easier to let it go as well.
Post some pictures of the table for us as well.
(2)AR-XA w/Pickering XLZ-7500S MKII,AR-ES-1 w/SAE 1000LT
(2)Dual 1019 w/Stanton 881S MKII, Ortfon VMS 30E
(2)Custom built SUT,Cary SET pre amp,Class A SET, Vandersteen 2Ci speakers