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Yup, I think there in a nutshell you have nailed the problem!! :)

Don't go too crazy on the pressure though! I think a lot of the bowing in his strop was due to him not pulling too hard on the strop as opposed to him applying very much downward pressure on the razor

Lynn has a great stropping video that may help. Just shy of the 4:00 mark he gets into pressure and how tight to pull the strop. I was surprised when I first watched it how much give there was in the...