You were both right on the money. It would seem the lock ring is too deep or the washer is too thin. The washer sits lower than flush
in the lock ring so tightening down the ring or readjusting does not correct the problem. I’m thinking of ways to fix this and the easy way
would be to make the lock ring thinner so the washer is no longer below flush. Any better ideas? All I can say is there is some poor quality
control going on. By the looks of it you would think every FT03 would have this problem.