The o-ring has nothing to do with leaking out of the air holes. In fact I reckon it would work without the bottom o-ring at all.
Kman. I'm just curious how you were able to measure a .55 mm gap after the deck has been seated in the base? I know of the solder method used to measure piston to head clearance in an engine, but it has to be hard to properly crush solder in an rta.
As far as the oring not being needed......maybe someone with a properly working Bellus could remove that oring and report the results here.....for experimentation sake.