What size is the sail? What length do you set the mast extension to?
A 4.7 should have 3cm of extension.
5.2 = 18cm
5.7 = 32cm
Photos?
You sail
should be crinkly/floppy
at the top when you've down-hauled correctly. No idea what the loud bangs might be.

SWAT Rigging Guide:
http://www.severnesails.com/sites/default/files/rigging-guides/Severne%20No%20Cam%20Rigging%20Guide.pdf