Package gun scopes are pretty cheap and chinsy, but it should adjust. If it's not, contact Savage and they should send you a new one. Personally I wouldn't waste my time with that though - I'd just buy myself a good quality scope for it whether the included one was working or not.
As for the light strikes, I would first try some other ammo before doing anything to the gun. Somewhere around here (Ammo board I believe) there's a discussion about some primers having thicker cups that can sometimes cause issues. I'm thinking they were Federal primers, but don't hold me to that as the grey matter between the ears isn't what it used to be.
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