Hey folks I have been all the way down this road and we all seem to keep trying to reinvent the wheel as they say. I have resolved the question of exactly why the SE Compensator is failing and I am developing a fix for now until the MOCO wakes up and gets the job done.
It is not my intent to pull any one away from this forum but rather than rewrite it all which is a thread many pages long go to Harley Tech Talk
http://harleytechtalk.org, click on Forum, click on Twin Cam, click on SE Compensator started by Richard K.
You will find this will answer most all of your questions and as soon as I can complete some road testing we will know for sure if by pulling all the stuff we have all learned together and putting it in to action will indeed correct this issue once and for all.
I personnel am on my 6th compensator in 38 months and about 35K miles and hopefully the last.
Check it out and let me know what you think and I will be posting pictures of the road testing progress in 500 mile increments starting next week 1/4/11.
Keep the shiny side up.... I have tried the other option and believe me it sucks