Gentleman
Despite spending an inordinate amount of time (2.5 Hrs) attempting to get the reel and bottom blade aligned last night I gave up in disgust with a non paper cutting gap. I do not believe that Alvin the Alroh will ever be a paper cutter. I am more inclined to believe that the Tooth Fairy will arrive in the company of Mary Poppins with skyhooks and a left handed screw driver with a carton of Crownies to ease my pain......
 
To say this was frustrating would certainly be an understatement.
The types of issues that arose included
- The adjusting nuts (4 Off of two differing sizes)) are a size for which no socket, ring spanner or open ender has ever been manufatured.
- After getting the bottom knife just clear of the reel and tightening the upper and lower pivot bolts the blades would then move to a different position either too create a large gap or set it tight on the bed knife again
- The upper pivot is steel bar attached to the body of the blade holder is tapped to accept a bolt (another for which no spanners ever manufactured) with a spring washer and it appears the tap is now threaded
- Regardless of the tightness of the reel against the knife the paper I was using must have been indestructible as the only way to cut it was with a pair of scissors from the dressmaking cabinet. Even when the blade was only just able to move (tightish) it would still not cut paper.
- The best I managed at any stage saw the reel just touching the blade but only in the centre of the reel. If someone could explain how that happens I'd be interested to hear.
If anyone could provide an alternative strategy please let me know. In the meantime I am off the light beer and back on the heavies  !!!!!
Thanks for listening 
Rob