Phew! Thanks for the reply, I would have felt really dumb if I wasn't even using the rest correctly. I'm going to set up a video camera and see if I can super slow motion it to see what is rubbing on the rest.
I bought my arrows already fletched from 3Rivers Archery. I am going to start fletching my own now however since I have almost a dozen barely used arrows with no fletching. Thanks for the advice, i'll be using it