IMO, the puff of air from the hammer adjustment hole is normal. The air is leaking past the poppet stem and the ID of the hole in the valve face. The poppet stem fits closely but there is no O-ring there and thus some small amount of air can pass through the space between the poppet stem and the ID of the poppet stem hole in the valve face. A poor seal at the TP to valve interface could also result in a puff of air through the hammer adjustment hole and that would result in a loss of velocity and needs to be addressed.
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