Perhaps I have good news here. I had literally the exact same problem and I was able to solve it myself. Although mine is 120V, so I can't speak to the 220Vpart of the situation.
First let me state, Surf Champ is my first EM that i purchased with many known issues. Also, prior to that I have no pinball experience, although I've been studying feverishly for about 6 months now, so I'm learning and I'm making progress (in many cases doing exactly what you are doing with help here). Just take what i say with a grain of salt, as I'm no expert.
On the drop target one you are experiencing....I tried all sorts of things but attribute my ultimate success to the following:
1) Adjusting the "throw" of the coil plunger. Easy to do, but needs to be done exactly right. Loosen the screws on the coil, you then have the ability to slide adjust the coil forward or backward to impact how high it pushes the targets up. In my case, with the bracket loose and coil stop in the far away position, I needed to push the plunger manually all the way down (not the bar -- which I tried first, no, literally put your finger on the plunger itself (not the connecting rod, the plunger itself!!!) and push it as far down as it will physically move...all the way, no slack), then holding it there, move the coil stop to just meet the plunger. Then clamp the coil bracket back down. After that, inspect to ensure this is not forcing the targets up too high posing a risk to breaking off the "feet" on the bottom of each. In my case this was not an issue at all...I need all the throw I could get and didn't have to worry about that. Anyway, After I did that it has reset fine ever since, but I'll mention other things I believe also may have contributed in a positive way
2) Take a q tip and 91% alcohol (be very careful with the red surfer girl graphics, as you can very easily wipe it right off!!!), and clean the grunge off the targets where they slide through the bracketry down below to smooth that action. Tons of dirt in there on mine adding friction.
3) If 1 and 2 don't work, try looking at the tension the reset "fingers" apply to the switches on the back of the unit as they make their way up to the reset position. In my case, there was a lack of uniformity as to when/where the finger contacted the leaf switch on the way up. also there was lack of uniformity with respect to how much pressure was being applied by the leaf switches on the way up. Before I won the battle with step #1, messing with this to reduce friction on the way up did provide me some improvement, but be careful as it seems to me that too little tension on the way up isn't the right answer either...need to find the right balance. Too little friction, caused me to loose progress, so I went methodically and reversed some steps if I say the wrong reaction.
Good luck and let me know if you have any questions on that or want further clarifications.