If anything, the cable should be angled up just slightly.
The pics you sent me indicate it's angled down just a bit (attached). You don't want a kink or bend in the cable right there. You can fix that by filing the holes just a bit. The '51 parking brake cable mounts with a thick felt gasket between the bracket and backing plate. I'd suggest you get those to install.
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Kevin
1951 Chevy 3100 work truck
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1929 Ford pickup restored from the ground up. | 1929 Ford Special Coupe (First car)
Busting rust since the mid-60's
If you're smart enough to take it apart, you darn well better be smart enough to put it back together.