I'll give you my opinion, start at the feet, he appears to toe out in the rear, in a few of the pictures, that could be the terrain and/or the picture, would like to see him a little heavier boned, he lacks width and power, as well his topline is week where it meets his shoulder, more than anything you want them to be smooth made with balance and power.
That being said he looks like he would feed out well and produce a fine carcass. He just does not have that show calf look.
Here are a few pictures of calves that I found for sale online. The Char calf is similar to yours but you can see the differences as well, the black calf has a look as well as balance to him. Granted if your calf was rinsed and primped up it might look a little different but he still would not have that look you want in a show calf.
It is like a beauty pageant for cattle, they have to have all the pieces to compete.
As far as how they hang, I think that has a lot more to do with how there fed and manipulated to look their best at show time, to many calves have peaked well before the show and are held and shrunk to make the right weight.
We had several grade prime and all the other choice, but we fed them for the end result, meat. I posted one of our fats as well.