Moody has the answer
Had the same issue with my Black Magic (Zero-B) when ripping paint -increased the COFF and bingo!
"COFF: Cocking Solenoid Off Time. This setting controls the minimum amount of time the cocking solenoid directs air to the back of the ram, to close the breach. If the COFF time is too low, the bolt won't close completely after each shot. This can cause shoot down when the gun is firing quickly because the air port in the bolt will not be aligned with the air port in the body, causing a drop in velocity. Worst case, this can cause balls to break in the barrel, because they are smashing into each other." from Moody
Read this excellent article on timing an a e-cocker - before reading this i did not think you had to
http://www.moodypb.com/cart/index.php?main_page=page&id=40
Cheers
A