First, to D H: thank you, your post was very interesting. Please correct me if I am wrong, but are you saying that the bending of spacetime (or the effect of the stress tensors, or however you wish to phrase it) around the sun causes gravity to act as a "curve ball" so that the gravity absorbed (for lack of a better word) by the Earth at time t from the sun acts as if it were coming in a straight line from the sun's position at t rather than at t-minus-eight-minutes? But that the curve doesn't quite do the same for Mercury, so that tracing the light back at time t in a straight line would miss the sun? In any case, would these effects have anything to do with the rate of the sun's rotation, so that if the sun were rotating, say, in the opposite direction to the earth, the Earth would also precess? ( I take "learn from your mistakes" quite seriously, so I put my neck out in order to have it cut off, so hack away!)
to ashwaninair's remarks: thanks for your thoughts. 500 seconds of time difference for gravity's trip would correspond to about 21 seconds of arc, or about 1500 kilometers. It is not a foregone conclusion that these numbers are insignificant. And yes, you are correct, I should not have used the word perpendicular, as the elliptical shape would alter this a bit. I do not understand your comment that the direction earth-sun is constant.