wow now you making it bit more interesting forgot your is top loader there is only one screw holding it.is the hook point nice and sharp,no blunt edge or blurr that you can feel.if you hold the handwheel,can you move hook back and fro,there should be no play.if you put needle bar far right,how does hook look in relation with needle.there should be no more than 1.5mm difference on height above needle eye if you compare with needle bar on far left.a bit diffucult to tell problem without seeing actual timing and related specifications.you can loosen screw in middle to adjust.this is by pulling hook upwards and turn but this normally give a big adjustment on timing and you dont want that.
johan
May 2012