Blltrdr: Mine is a 06 iron and the slipper is straight-up when I last noticed this past Summer...I've only had to adjust it once and that was for shits n grins....The deflection of the chain appears excessive but it would be good to know what year/model it is...Looks like the primary may have run out of fluid for awhile...The bottom of the cases tend to weep especially if over tighten after a fluid change and over time , well u know the drill....What drew me to the post was Uncle Ernie started it.....GM