When you mention that the cam had been drilled out a few times, do you meen that you have replaced the cam a few times?
I know that i just replaced my cams for the first time on my 73 H16 and they are very tight.
I believe that the you might be light on the kickup pressure. I was informed from another hobie sailer that the pressure needs to be set up around 20-25 pounds.
One other solution is to dismount your rudder, fill the hole that is there, and redrill the hole further forward on the rudder.
The Skier
1973 Hobie 16