I think most folks are missing that the arrows are cut to 30.5", and we do not know what the actual draw length is.
The up and down should indicate a nock-point problem, but you would think that a bare shaft would show that better than a fletched one. I think the problem is in the fletching contacting shelf and/or strike plate on release. How high are the fletches? Can you turn the nocks so that the hen feather rides in the angle between shelf and sight window? The first three responses to this thread are, I think, valid.
Killdeer