I have to ask... What is the value to the community of an articulate answer which is incorrect?
I generally see voting as a measure of how valuable the community finds the answer. This makes it a kind of a balance between how "good" and answer is as well as how popular an answer (and the question it answers) is.
Consider an extremely good answer to a tragically unpopular question, or a mediocre (albeit correct) answer to a very popular question. Do the votes accurately reflect the quality of the answer? Or do they reflect the value that the overall community has collectively placed on that answer as a measure both of quality and of how many people have found it helpful? It's all very subjective, really.
But of what value is an incorrect answer? This is where editing and/or deleting becomes important. The down-votes are just a way for the community to say that this answer isn't welcome here. If it's low quality, improve it. If it's incorrect, correct it. In many cases a quick correction will cause someone to remove a down vote.
But if the answer remains incorrect then I can't see how it would be welcome in the community. It sits in the dark, waiting for an unsuspecting Googler to happen by and then feeds them incorrect information from an otherwise trustworthy source. Anything can be edited, so something should never be left as incorrect.
If the answerer can't be bothered to correct it then down votes are the community's response. Sure, the community can also correct the answer, and in many cases that happens. (I even corrected something in one of Skeet's answers once some time ago. It was just a typo, but man it felt empowering.) But changing someone's answer is generally frowned upon if it changes the meaning of the answer. (It also doesn't update the answerer's own personal information, whereas a comment indicating their mistake will notify them so that they can correct it.)
Just because an answer is articulate and well presented doesn't mean it's valuable or welcome to the community. As an extreme example, imagine an answer which is nothing more than a copy/paste from a Shakespeare play. It's very well-written, very articulate, generally good in every way. Except it doesn't actually answer the question.