Z-bar not aligned properly

The car is a '68 Dart, 340. I figure it was a conversion because there was NO reinforcing bracket on it all when I bought the car. It could be that the factory left it off, but I doubt it. Whoever did it simply drilled a hole in the sheet metal and stuck a stud through it, with a predictable result.
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I later installed the bracket that was supposed to be there all along. However, I didn't know about the misalignment at the time, so I installed the bracket to line up with the hole that was already there. If it was drilled in the wrong place, I welded it in place. I could grind it out and try to relocate it, but as others have said, it's probably not worth the trouble.

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This is the ball stud that I removed showing the result of severe misalignment and poor installation/maintenance. I'm just trying to prevent a similar occurrence.

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