That is fine, when you look at the end of
the rotor, you will notice there is a wide
piece of metal to conduct the spark to the
cap, this gives you quite a wide range of
motion where the spark is still carried to
the propper plug.
I had a rotor melt in the base where it locks
to the distributor shaft, was pointing way out,
and I was getting popping out of the intake,
finally I pulled the rotor off to find the problems
and discovered it

Wild