Thanks for the replies!
Iron Bottom--that needle has a weird setup that does not allow it to be over adjusted. I have been messing with it, so I will set it between the two points for starters. Thanks!
Jester_s1--I will look into every potential area for a leak. Is there a trick to finding out whether it's the font bearing or not? I suppose the o-ring and backplate would be fairly straightforward. I will start tearing things apart and hopefully find something!
Now I know why OS is so popular!