Just incase there is a Sayha owner who has similar issues: I backed off the adjustment on the regulaor until the ram stoped moving, then turned it in 1/4 turn ... now the ram intermittantly oscillates ... in this condition the "trimmer" valve can be opened causing the ram to oscillate continually ... as it did when new. So the regulator adjustment is very sensitive and the ball and seat must be clean to work well!
I can now adjust (using the "trimer valve") between slow(er) treadle release and jerkey start at the beginning if adding treadle pressure. If a fast release is desired then a slghlly jerk will be noticed when depressing the treadle ... if a smoth start is desired then about two partial ram stroke are required for the ram to return to the full up position.
An alternative "test" is to start the hammer with the dies touching ... there will be 3 hits before the ram rises to the up position ... as the hammer performed when new.
I hope this helps ...
Another tip, if the compressor stage check valve cover is leaking air, a new (better) gasket can be cut from 1/4 inch thick Neoprene gasket material from your local auto parts store.