Well, I figured it out. When I had my bow worked on, the guy instaled the knock points with the open end towards me, and it is dragging across my lip. Has a sharp edge, and that is what cut my lip. I will have to get them turned around.

My draw length may be a tad long, but it doesn't feel right if I hold it further forward. My hand is in the way.

Thanks for all of the replies.