What elrikos said. Where is the leak coming from exactly? Is it where the hose attaches ? that circle is pretty non precise.
Bad timing will only cause a leak from the 3 way. (attatched to trigger frame).
Timing can be checked by pulling the trigger slowly. The marker should fire on about 2/3rds of the way during the trigger pull and should recock on the rest of the pull. Do the same fast and it should fire too.
Velocity problems can be caused from anywhere from springs being too tight, velscrew not set in properly etc etc. Sort your leak first.