After adding the 4ohm/10watt resistor for the slingshot coils, I still would get air balls but not as often. Finally I added a couple of washers underneath the slingshot posts to raise the center line of the sling rubber and after about a week of playing I have not had anymore air balls.
Next modification I did was to upgrade many of the lights to LEDs, changing up the colors in a few places, and using color changing LEDs for the Mystery lights. (Note, my machine was not NIB, and the original owner had changed a few lights, so I do not know what some of the factory setup was.)
I also added spinner targets to the two outer lanes. These are wired up for scoring and sound effects. (Thanks to pinside member "Hooked".)