Sorry, man.
I'm just one opinion though, okay? Wait for others to chime in. There may indeed be low hours on the heads, but if it is not adjusted right,
especially the zenith, I would think the wear rate could be highly accelerated.
How does the rest of the unit look and operate?
Don't give up on it! And not only that, it will still
function with that rec/repro head...it just may not be able to perform to spec across all tracks and whether or not your ears will hear that is unknown at this point y'know? And maybe that head
can be relapped, so I'm sorry if I'm being a wet blanket


. That's not my intention. Again, I'm just one opinion and I can only draw from my limited experience. Focus on one thing at a time, and right now the pinch roller could be replaced and that is a relatively simple job, and then having a look at that capstan belt and replacing if my suspicions are correct. Another relatively simple fix is to gently remove all the rec/repro amp cards, apply deoxit to the connectors and insert and reinsert them a few times to work the deoxit in. Oxidized connections can cause wierd stuff to happen.
I'm assuming you have the pitch control off and the speed control set to internal?
Did you get a manual with the unit?
I personally think the 388 is just about the coolest "semi-pro" piece of analog gear around. (I put semi-pro in quotes because "pro" is such a mishandled and relative term...the 388 is a serious and well-built/outfitted unit)
On the head, I
think the 388 rec/repro head has been discontinued. Call Tascam parts to be sure. There are other options I believe, and there is always the possibility that one may come up on eBay.
Contact Patrick Hol. He's up in Canada. Contact him through eBay via user ID patrickhol. He has connection to all kinds of older Tascam stuff and he may be able to help.
I think your erase head looks just fine. I wouldn't worry about that one.