I probably don't have the correct color...
Anyway, it looks like the OP has sorted out the problem, but here are a few notes:
If you're sure everything else is in order, i.e. correct spring, good orifice, CLEAN air barrel, poppet in good shape, good seat, good orifice, please ensure the lever height is correct. See this thread:
Scubapro Second Stage Lever Height
The grease in the balance chamber is actually supposed to be there. The s-wing poppet's two o-ring configuration is a sort of reservoir that holds a small amount of lubricant between the two seals. Lubricate the seals, install them and put a small bead of grease around the poppet between them. No grease on any other part of the poppet.
Check the diaphragm disc for striations or engraving. If you find any, reinstall the diaphragm 90 degrees to the direction it was last in. Better yet, remove any impressions made by the lever with fine sandpaper.
I'm not sure you are clear on why we use an IP gauge along with a manometer/magnehelic gauge. It is very hard to tell for sure when the actual opening (cracking) of the second stage demand valve takes place. Listening for a hiss is hit and miss (hey that rhymes.) As you slowly draw a vacuum (or immerse) the second stage watch for a drop in the IP. The IP will drop indicates the opening of the demand valve. Take note of the moment the IP drops and look at the magnehelic to read the cracking pressure. Yes, you have to repeat it a few times as it's impossible to see both gauges at once.
Good luck, I hope this ^^^ helps.