It is recirculating ball steering gear, it will have more play than a really tight rack and pinion (used on almost all passenger cars today, since power steering became standard equipment) but not as much play as worm and sector.
The play in the steering gear may be somewhat adjustable, and minute play anywhere in the linkage and suspension (including tire flex) gets multiplied going back to the steering wheel. Your chassis is old enough to have some wear. A good mechanic at truck alignment shop should be able to assess whether the play in your steering is normal or excessive.
Those of us who started driving in cars from the 30's through the 70's are used to using the inch or so of steering play at the wheel rim. It comes down to movement to some point of pressure feedback, and usually on a crown or in a crosswind, holding and relaxing against that pressure, not centering or crossing to the other side.
I have more problems at the other extreme. My most recent car (a Fit) has so little play, so much boost, so little feedback pressure, that to me it is twitchy. Hard to drive with more than a couple fingers. I understand that other small cars with electric power steering have a similar lack of feel and free play.
Tom Test
Itasca Spirit 29B