Well I took some of you guys' advice and tried some different arrows. I am shooting a Grizzly at 27" and 44lbs. I put some 30" CE heritage arrows in it last night with 150 grain tips. While bareshaft paper tuning last night I noticed if I held my bow with my compound grip i would get about a half inch right tear. If I gripped the bow a little as to straighten my wrist with my arm. I got a perfect bullet hole. To better imagine this, I more or less turned my wrist in. I never got a slap from the string. Does this sound right?
Ideally, the throat of your grip should rest on the meaty part of your palm between your lifeline and your thumb. No part of the bow should rest on the finger side of your lifeline. When you draw the bow, the feeling should be that the force of the grip pressing back against your bow hand is in line with the bones in your forearm (bone on bone contact), such that you don't feel like you need to exert any force to hold your bow hand in place or in alignment. In other words, the feeling should be that the bow is locked in place, not that you are having to hold it in place.
You should arrive at an ideal grip, which may vary somewhat from person to person, and then tune around that. Not vice versa.
I grip the bow so that the grip rest in the web between my thumb and forefinger.
Ok...Maybe I have a little too much hand in the grip.