Hi Ian,
I only got my 8" Lightbridge a few days ago, so I haven't tried collimating it yet, but straight out of the box I got a stunning veiw of Saturn a couple of days ago on the only clear night in North Yorkshire we've had all week.
As to the delux red dot finder, there should a small "click" when the adjuster screws are turned, I assume they are working against a spring and therefore work both ways. The up and R arrows show the direction the screw is to be turned to get that motion, so the opposite rotation gives the opposite motion.
My instruction manual said to use the 35mm adaptor for the 26mm 2" lens as well and I got perfect focus straight away. My 1.25" lenses all worked fine without the adaptor, so I'm not sure what's going on with your scope. All I can think of is to go back to your supplier or contact Telescope House who are the importer and distributer for Meade in the UK:
www.telescopehouse.comHope this helps.
Hugh