Reg
I think you are right, as you look down the 'top' end of the reg (which screws onto the gun) I can see a brass disk which I assume holds the shims, could not get teh thing out though !
Anyway, just tried what you said, backed the screw right at the bottom of the reg out as far as possible and gassed up, same problem, the air first comes out of the barrell and then when gassed up fully the air is coming out of the small venting hole on the side body of the reg !
Any ideas? Shall I swap the bits around in teh reg to see if I made amistake putting it back together ??