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The black wax covered screw should have a script "L" embossed on it. If not it was worked on and then just filled in with some black crayon.
All range-finder cameras with cloth curtains can suffer from cracked, dried out shutter curtains. Also they have the ability to burn holes in their shutter curtains if left in the sun without a lens cap on.
Leica lenses are very high in contrast but not particularly high in resolution. Contrast fools the human eye into thinking that it is "seeing" better. Pentax followed this design route. Olympus followed the Ziess route of high resolution with low contrast. Nikon followed the compromise route and offered medium high levels of both.
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Who Dares, Wins!
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