1970s Loose shoulder bolt 74Eldo convertible

[danjarrett1]

Top has been struggling to come up, actually stopped halfway up a couple of times. Recent motor, relay, good grounds, cleaned old cosmoline out of actuators and replace with good grease, recent drive cables..
Did notice today when the top was down that the shoulder bolt, castle nut, cotter pin all intact, but the shoulder bolt is not flush with the structure exposing a gap. Is this normal? Is that gap there for a reason? Castellated bolt is secure with cotter pin in place. Downloaded picture is area of concern. See attachment