Right, he goes.

oil goes in at the top and along the shaft of the bearing. Grease goes on the base. I don't have the Malaysian installed on my Lenco but I do have one on my Garrard 301. The 301 version has a screw base. You may want to experiment with the tightness of the base screw. I don't think you've buggered your bearing. It would have to be something catastrophic. Incidently I had the same issues as yourself when I first got mine on the 301. Now it signs like a canary.