The RPM-4 is really a classic! If you get it right it can sound like a thousand-dollar model. Regarding the bearing, be very careful not to pour normal oil in it. That is a Pro-Ject oil only matter as it is quite different in terms of viscosity. The tonearm setup is delicate, especially with the small weight on the string. To be on the safe side and make sure you get the angles and the stylus overhang right, check out the
service manual for Pro-ject Audio RPM-4 on ManualMachine website. That will help you dial everything in properly and keep your records in perfect condition. Regarding the anti-skating, usually it is set according to needle mass. Typically, it's set to the second or third notch on the rod. Btw, what cartridge are you running?