So, it was the power supply. It is working correctly now! A big thank you to everyone that replied to our posts during this process!
One trouble shooting process which made the tech folks know it was the power supply was all the info I sent to them, but the last test they had me do was remove the high voltage plug on the PSU and push the laser button and the mA meter read 13mA.
I received the new one from OMTech yesterday, plugged it into the machine today without the high voltage plug and pushed the laser button again on the PSU and it read 12mA, SO I don’t know, but it is working correctly for the first time…not running at 100% power and max mA.
I could not see the micro switch on the power supply when installed, but was amazed it was there when I removed the bad PSU from the machine and saw it.
Old bad PSU…switch switched to the left
New PSU…switch switched to the left
Cloudray PSU…switched to the left
SO, I’d say the switch should be to the left?
Thanks again everyone, I hope this helps some others from the long drawn out process of wondering why their machine won’t adjust power and burns through 1/8" plywood regardless of the setting!