Looks all right to me- seems to sit tight against the rim and all, and has been holding air well, with no hisses or leaks. Were it a clincher or tubular, I wouldnt give it a second thought.

But i dont know what I dont know w/r/t tubeless: in this case, not sure if there is a way the tire can appear to be sitting properly, but the tire beads are not in fact seated properly.