I believe you are correct that while it has nested tubes at the aback appearing to have the rotation option, it does not. I have seen several of these floating around.
You should be using a real Arca-Swiss Ground glass. These cameras shipped with a ground glass, and a fresnel was available. One of the previous owners may have broken the glass and tried to rig a solution, but never went further to replace the original.
The current glass is much better than that of 1984 and older any way.
They are available.
Precision Camera Works can repair and reset the back so it is zeroed and correctly aligned.
help@precisioncameraworks.com
Contact me if you have more questions.
Be well,
Rod