You are most welcome. Sounds like you are on the right track. Keep in mind too, a lot has to do with the freshness and quality of your beans also. A fresh blend of high quality beans can make quite a difference in how the extraction goes.
Weeding out (and identifying) channeling is pretty straight forward with a bottomless portafilter. You should also examine the puck and look for any little holes that were dug into the surface (usually around the outside radius, especially if your tamper's diameter isn't spot on with your basket). On my older La Pavoni (seen in the videos there), I use a 49.5mm tamper for best results. Using a 49.0mm seems to encourage channeling around the outside of the basket, so that 1/2 mm does make a difference from what I have experienced.
Anyway, if you are getting channeling, it will usually be seen on the bottom of the portafilter basket as a foamy little starting point (that is beginning way ahead of the rest of the extraction), while the rest of the screen is still trying to form more in the way of droplets.
As far as the stream and how it forms, etc. If it takes a while for the droplets to coalesce into a stream, that's generally a sign that the tamp is a bit too hard. However, that doesn't always mean you'll end up with a bad shot. I've had plenty of shots where the stream didn't fully form and pickup velocity until almost 3/4 of the way into the shot and it still turned out great. Usually what kills a shot more is the water flowing too quickly through it. In cases where the water is delayed (as long as the water isn't way too hot), then you can usually compensate for that by just cutting the shot off based on color. In many cases, a shot that is slow to pull will still be very good (and a lot better than one where the water just rushed right through the basket).
Also, on the topic of the stream taking a while to form, you might want to try fiddling around with a bit of pre-infusion. Make the tamp just a hair lighter and then coax the water down into the basket with a 1/4 push on the lever. Then give it maybe 5 to 10 seconds to soak in. Then pull the lever up a bit to allow some additional water in, then pull slowly and watch the screen. Giving a little pre-infusion can produce a really nice shot, so long as it doesn't result in under extraction (i.e. water getting through the coffee too rapidly).
Just remember: there's no "right answer" for any given shot. Each shot is its own animal in many respects (especially on totally manual lever machines). I think it's important to realize that you are never going to be able to duplicate every single shot in the same manner. The temp is always going to fluctuate up and down (especially on older machines with no PID, etc.). The grind and tamp are always going to have slight variations from day to day. You also have to realize that the beans are constantly aging; what you do on Monday with XYZ beans might work great, but by Friday it might be off a bit.
As long as you can get the shot in the ball park, then chasing that amazing shot is half the fun (at least for me). Once you really get the hang of your machine, you should be able to pull half way decent shots even on the first shot of the day. On my old La Pavoni, I can generally get it pretty close to "on the money" right out of the gate. Not every single shot is going to be perfect, but usually even the first shot or two are darn good by most standards.
Again, it sounds like you are getting things pretty close. Make sure you are using a good bean. You might want to try some Miscela d'Oro or LaVazza blends. I've had pretty good luck with those lately. Also, don't over look some of the local roasting places in town. Many times you can find very good blends from local roasters who are just as enthusiastic about their espresso as you are
In fact, I noticed you are located in Pasadena, where my Dad grew up and close to San Diego where I sometimes hang out. You might want to check out La Costa Coffee Roasting in Carlsbad, CA. They have an excellent espresso blend there, which is roasted fresh every couple of days (if not every day). I've used it myself and have had great results with it. As far as LaVazza, I usually order it from
http://www.espressozone.com and get the "top class" espresso beans. I've also tried the super crema, but I find the top class one is slightly smoother. The Miscela Natura beans are also very good, although I'm planning on trying some of their other ones as well.
Finally, have you considered roasting beans at home? I'm just now getting into that. I haven't had a chance to do too much, but it's something I plan on trying more soon and I understand it can have a very positive impact on your coffee

Ray