Correct!
The front bracket is spot welded in that location with no provision for adjustments. I have looked at various pitures of other X53s and they all have similar alignment. As I said, it has always stood out and bugged me even before I owned one myself.
I've wondered if it was designed that way intentionally to make the little wing looking embellishment appear to be taking flight. Notice that the bottom edge of the guard does line up with the chain stay. Even if it was intentional, I like the lines running straight through the bike. I even moved the front fender brace down just a little to complete the line.
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