Agreed! Those old rubber bushings don't last very long, allowing moving parts to wobble on their rotational axis.
To really get that steering feeling like new, replace the two felt bushings at the upper and lower ends of the steering column (Moss catalog, p.21, items 13, 14). Presoak the new felt pieces in oil for a day or two before installation. If the steering wheel can be wiggled left-right, up-down a bit and feels loose inside the column tubing, the old felt pads have worn away. Use a curved pick to pull out - install the pads. Inexpensive ($16) and a straight-forward DIY project.