First off, you can technically run with one strap, but it's not a good idea, much less stability of the rig, it also makes it very unsafe. Have seen many tanks slip out of rigs because they were mounted too low with one cam band....
Second off, you should have that top band at least 2 inches below the crown for proper positioning. If you do it right, the first stage will be right where the bend in your neck is. If it's any lower than that you aren't diving in a safe manner since you can't reach your valve. That is priority #2, if you can't reach the valve on the tank, it is too low and is very unsafe. Unfortunately most recreational instructors don't mention this.
Third, your transpac is probably not adjusted properly. Like backplates, people usually sit these things way too high.
[video=youtube;YGlNnsZiWrM]https://www.youtube.com/watch?v=YGlNnsZiWrM&list=UUVCYEickXcRonYDFqvvZ4hw[/video]
That is the XT, but the fitting procedure is the same for the older transpacs
Fourth, the Venture wing is designed in a manner where most of the lift is at the hips, this forces most divers to dive in proper trim because they tend to want to ride head up. Moving the transpac down to where the waist belt is where your jeans live will help with this a little bit but you should look into getting some heavier fins like jet fins
$35 on craigslist close to you
Scubapro jet fins
May want to look for a travel wing instead of the venture, little less lift but it is more balanced in lift.