You have a ton of torque for such a weak spring. You should isolate your endbell before you scratch the finish and allow it to arch. I used standard torque gears for 450FPS springs. Do you use a fuse? What kind and voltage battery do you use? You might want to check out airsoftmechanics they have essentially "fixed" the magnum motor. Using high speed gears or a 450FPS spring would help your motor. Its meant for M130 springs and up on standard ratio gears. Dropping your gear ratio will increase the torque load to a healthier level for that motor.
Check your motor height.
Get a mosfet for extreme-fire.com
You velocity is low due to bad compression. You could have a leak in a few places.
From cylinder to hop-up;
telfon tape you cylinder head and replace it back in your cylinder
inspect you piston head
replace your o-ring with a #14 from lowes or HD
inspect your cylinder head's nozzle for damage (the tube should be rigid and stationary)
replace your air nozzle with an o-ring air nozzle (I like deepfire)
inspect you hop-up bucking for damage (torn)
remove and apply a few drops of 100% silicone oil on your barrel and re-install your bucking (I use RC car shock oil, look a RC car hobby shops. If you have a gas pistol get 10w oil and use that with propane and general lube for maintenance)
First guess is your o-ring. Second guess is your air nozzle. I have broke a TM piston head before and I have seen several cylinder head break too. I'd only question that since your pushing such high rof.
Compression is not a big deal, tedious, but easy. The magnum could be a pain. Prepare yourself once you register at airsoftmechanics.