I was switching out a bulb in my basement overhead light socket and noticed the hot terminal looks a little deformed.. Its an old light fixture but is this some sort of problem?
You mean the shape? that's how it is.
Other than that it looks like they've used too much solder on the contact, how old is this? new ones usually don't require any solder to keep the wires in place.
These Official Forum Sponsors May Provide Discounts to Regular Forum Members - If you would like to sponsor us then CLICK HERE and post a thread with who you are, and we'll send you some stats etc