I just got one and I think that screw adjusts the spring load like you said. I found a Swedish site that may sell different springs and/or hammers to do mods with my translation plug-in isn't working at moment. And now I can't find the site!
This is pretty good stripdown sequence though - it's for the Typhoon but should be the same as our Whispers I think.
http://www.airgunforum.co.uk/forums/airgun-data-center/65326-fx-t12-stripdown.html