Very important: did you test the lever height when the regulator was pressurized? The lever height will drop when the regulator is pressurized, so you have to test it under pressure.
If you tested it when it was pressurized and the lever is that high, You could lower the lever by a couple of millimeter, but if it is not free-flowing
out of the water, it is not going to make much difference.
You have to be careful when you lower the lever. You cannot just rotate the nut. you have to hold the seat carrier and keep it from rotating. To hold the seat carrier from rotating, there is a slot on the seat carrier. You can see the slot right in the middle of the nut.
There is a special tool that has a screw diver in the center and hex nut driver around it, that makes this adjustment extremely easy, but it can easily be done with a small screw driver and an open end 1/4" nut driver.
This tool comprises of 2 components and is ideal for lever height adjustment for Aqualung Conshelf second stage. The aluminium part of the tool is machined with a 1/4" nut driver at the end, therefore it can be inserted into the open port in order to: screw the lock nut onto the poppet and hold...
scuba-clinic-tools.com
Aqua Lung Lever Height Adjustment Tool Kit The Aqua Lung Lever Height Adjusting Tool Kit fits 21 earlier models of Aqua Lung® second stages. It replaces the original Aqua Lung tool assembly that incorporated a hollow shafted 1/4" nut driver and reground screwdriver.This tool features a custom...
www.scubatools.com
If you use the small screwdriver to hold the seat from rotating and the open end 1/4 inch nut driver, just be careful and gentle. You do not want to allow the seat to rotate, but you also don't want to push hard on it.
It takes very little nut rotation to move the level end up and down.