Since I copied your BX post pounder, maybe I can help because I experienced the same problems as you are having. I bought the same valve you have and when I hooked it up, the plastic liner in the ball valve would slip around and completely block the third port when under pressure (even though it is rated to that pressure). I couldnt figure it out either until I removed the valve and it worked fine. I started to mess with the valve and realized the liner was slipping.
I ended up getting an all steel ball valve and everything was perfect.