You might have to remove the valve and make sure it is flat and square where the reg plenum mates to the valve. It sounds like the o ring is not sealing between the valve and plenum. You will get some leakage from the gauge block hole when filling and the reg vents and equalizes.
A new day: I carefully read each post, plus the response from Huma and decided that before a tear down and removing the valve for inspection I would try one last time. This time though I took a q-tip, taped it to a skewer, put on some rubbing alcohol and wiped down the "valve" face. Reassembled and it still leaked. So I removed the HUMA, slid out the plenum (for about the 10th time), and then stared at my hand in dumfounded disbelief when in addition to the Huma plenum a second small plenum slid out this time. I reassembled without the small crosman plenum and there doesn't seem to be a leak this time.
Good deal! If you need some help tuning it , hit us up. If you open up the valve and t-port. You should get darn close, if not 40 shots with the 8.4 @ 800 fps.
Open it up. But make sure you dont go bigger than the t port o ring. You'll need a shoulder for it to seal on.Use your shorter stiffer spring. Run the stroke way out and lean on the hammer to bring the velocity up. In other words, you want a very short stroke and a hard tap on the valve. You'll immediately hear the difference in the shot cycle. The farts will disappear. 90-95 bar is perfect. Make sure your valve is completely clean of any and all shavings.
Its just a balancing act now. You may find 8 1/2 on the throw and and less hammer nets you more shots. If you make 35 shots I'd call it good and enjoy it for a while. At least you can (hear) the difference in the shot cycle now and tell if its getting better or worse. 780-790 seems to be the sweet spot for me also.A lightweight hammer would definitely help bring the shot count up. But sourcing a hammer without sending it in to a tuner may be difficult. I get 48 shots on the reg with the 8.4's.