[V]

Did you measure to see if you needed a shim? How well did you bleed the system? If you did a remote bleeder, try bleeding it more. If you kept the original bleeder setup, make sure it's not leaking, and getting fluid on the disc, and try to also bleed it again. Isnt the tick master adjustable or is that an option for some?

Edit: I saw now that you did say adjustable. Try seeing if adjusting it works. But I think it shouldn't "slip"/smell at full release in gear, but possible.