I tested a non power tuned Cricket that normally can max at 850 fps with the 34s using a factory spring of 2.385” and factory plastic HST adjuster. I installed a shorter HS with a length of 2.15” (I think this is a .22 HS). It maxed at 665 fps using a factory plastic HST adjuster.
With that news I’d say you do have a sacked-out spring that needs to be replaced.
When you do get another spring, don’t crank it down. Shoot it over the chrony until you find the plateau max. Find this by adjusting in 1/4 turn increments slowly bringing up the speed. The speed will usually max and then as you dial in more HST it will drop. However, I’ve seen power tuned guns with added plenum tubes not drop but remain the same fps even while dialing more HST. In this case, don’t dial anymore tension if the speed doesn’t increase from an additional full turn of the HST adjuster as you’ve already found the plateau.
You mentioned before that your Cricket could produce 870 fps max. From the max or plateau, back off tension 15-20 fps. This is usually a happy spot for the HS and reg to work well together.