Yes, the capping is starting at the beginning of the run. I have recently cleaned & lubed the camera, so it is my belief that someone has not tightened the curtains properly. So, last night I loosened the pressure on the second curtain to find that it was wound up 5 or six times! I wound it three turns and it is working much better now. As per the Fed & Zorki survival site, I readjusted for a snappy front curtain and a slightly slower second curtain. I still need to fine tune and set it against another calibrated shutter, but I think I might have the problem solved