I just received a premium and have been plagued by airballs despite having a protector. Taking a cue from CaptainNeo, I adjusted the target angles by using .020 styrene shim stock. To do this, I simply loosened the two bracket screws and rested the shim on top of the screw threads and sandwiched between the bracket and the playfield. The shim width only need to be approximately 1/8", otherwise it will interfere with the adjacent insert. Airballs have been dramatically reduced.
I also noticed Slimer dragging butt. For this, I inserted .060 shim stock between the base (lowest point) of the large support bracket and the playfield. This was enough to lift Slimer and eliminate 95% of the butt drag without affecting ball contact.
Finally, to reduce cheap drains, I followed Delta9's recommendation. I used tape to mark off 3/16" on a nail punch and then very gently tapped the lane guide up to the 3/16" mark. Again, preliminary results look promising.
Tomorrow is a vacation day, so a portion of it will be spent "testing".