The heel is pushed, see how it comes down too far, it has a frown basically just ahead of the heel, the toe was also mis-honed which is what cause the S-shape or what I normally refer to as a wowie or double frowns...
Honestly guys you could mess with this thing until you are blue in the face or out of steel...
Me, I would bread-knife that razor and have it shaving in 1 hour
There is a thread in the honing section called http://straightrazorpalace.com/basic...t-popular.html
by Wild Tim you might want to look at the pic I posted of the Boker I was fixing at that time.... It might help you somewhat to see that fix....