Sorry for the necro bump here. BravoKilo, did you ever get your 1301 Comp figured out? I am having similar problems with light loads failing to cycle. I started off with the heavy stuff to break it in and it seems pickier about light loads than I would have expected based off all of the stellar reviews online etc.
Here was my progression:
Federal 1600 fps slugs - 25 or so cycled fine
Rio heavy target 1 1/8oz 1250fps - 125 out of 125 cycled fine
Fiocchi low recoil slug - tried 15 or so and about 10 failed to cycle
Remington STS 1 1/8oz 1150fps - mostly fine - ran 200 or so without memorable problems
Remington Gun Club 1 1/8oz 1150fps - maybe 60 out of 75 attempts failed to cycle a new shell into the chamber after firing - gave up and have the rest of a case left
Winchester AA 1 1/8ox 1200fps - so far 25 out of 25 cycled fine. If the others aren't consistent I'll keep running these at matches until they let me down