Remember it isn't just telecine wobble that your are contending with, but also gate weave in the camera itself. When pin registered cameras are not used, the film can weave left and right as it passes through the gate.
If your telecine process then adds different gate weave as well, you have two levels of movement which can make it look more pronounced.
So yes, it is a shot by shot fix, and you need to have a very good tracker. The good news is if there is nothing easy to track in the scene, then your eyes and brain have trouble tracking as well, so it is harder to see the wobble in those scenes and you can usually leave them alone.