All,
I think Waksupi had it right. I put some inletting black on the sear bar, and after cycling the lock, there was a very slight bit of black showing in the sear bar mortise near the top. I used a rat tail file and removed some wood and reinstalled. This time, the lock hammer would drop all the way forward, only it would do it on both half and full cock, with very little pressure on either setting. I pulled the lock again and there was still a very, very thin line of black showing in the mortise from the sear bar at about the ten o'clock position. A little more filing away of wood, and it seems to be working correctly now.
Thanks again.
Jay