If that is a Healthways he may not have to validate the claims of hard breathing, they usually breath like sucking through a straw. I don't have my glasses so forgive me if I am not seeing right.
The position looks about right, perhaps a tad lower than required. Also, the hoses do not exit the cans correctly, what I mean is that the clocking looks incorrect but to some degree that is preference. It is usually a more 10 and 2 clocking and that looks like 10:30 and 2:30, lol.
I think you will find that the more common USD/Voit regs sit a bit different. If nobody has loaned you a USD reg when I get back from SD shout at me and I will send you one to try out and actually dive if you like. Least I can do, should have already done it. I got one on the bench, she won't be pretty but should fix up nice enough, just need to put it back together and tune it.
N