it's just two guys opinion, grad and spence, they don't know any more than you, me or the guys who showed the examples here.
the problem is that if someone like me, richard, or another knowledgable collector on this forum took our time, we could find and catalogue the exemplars shown here and figure it out. but it would take a few hours, jsa and psa don't have a few hours for each autograph they precert.
that is why they have a few minutes to give it thumbs up, thumbs down, or no opinion, which they rarely give a no opinion. that's why their opinion has to be taken with a big grain of salt. they don't have the time to do a thorough investigation.
If it took 7 days of researching for them to figure out that the photo was indeed signed by williams in a vintage form of his signature, then that is something they won't do, because 7 days of salary to them isn't worth it.
but the truth doesn't have a time limit. you can do your own searching, take as much time as you like, and figure it out yourself. and your opinion on the final outcome of whether it is real or not is just as valid, and actually even more valid than the 10 minutes they spent to give an opinion that is under the gun vis-a-vis a time limit.
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