Really don't want to try black powder. I'm not set up to load for it and the only reason I'd do it would be for comparison.

The rear sight is a standard 1 standing 2 folding with platinum line.

I'd gladly post pictures of all my stuff, but I don't have any with me (I'm currently in Afghanistan). Someday I'll get home and do a photo session and get them on here.

Glad to here that this is a problem others are having also. More curious than anything as to why it happens.
I don't have a problem replacing the front sight. I know in the grand scheme of things it isn't that expensive. It needs to go up about 1/8 of an inch to compensate. This causes some problems in keeping it looking original as the depression for the night sight would need to be cut further up the rib to allow the longer flip up sight to fold down. There isn't enough rear sight to allow that much to be taken off it. Maybe a compromise between the two.

Even if the bead was meant to be placed under the bulls rather than on it, it would only account for about two inches. Better, but still off.

As an aside. For people working up a NFB load from scratch I would recommend trying 5744. Varget and 4198 with filler work but I've had better results with 5744. I can usually pull off a 6 shot group with an extreme spread of only 25 fps. This is using a Federal 215 and no filler. There will be a substantial amount of unburned powder left in the barrel (and even on the chrony 20 feet away) but it is consistent in not burning and gives me great results. Plus it is very nice to just drop the powder in the case and seat the bullet without screwing with fillers.

Thanks for the comments/suggestions. Keep them coming.
Josh