Film is in good shape.
I did not notice and vinegar smell.
Some splicing here and there, but no noticeable jump cuts or any cut dialogue from what I noticed.
Audio and picture looks and sounds good. Some minor scratching here and there, but overall good.
Images were not centered when I took the pictures, but I am uneducated in the manner so I don't know how you properly adjust that.
As I am not really educated in 16mm I give the best description I can based off what I see and hear.
Film comes on a metal reel in a plastic film cannister.