While I'll not rule out that possibility, it is worth noting that the shield text does overlap the extra ships when everything is working properly... Reference the KLOV screenshot posted above. The pictures aren't the best in the world (using a camera phone since my digital camera is out of town at the moment), but looking at the actual picture on the screen, it looks great (nothing odd or wrong) right up to the point where it cuts off abruptly about an inch and a half from the bottom (side) of the monitor. Comparing the screenshots to the actual picture, I think the top portion is displayed completely (seems to be the right amount of space above the score text), but just pushed down the screen a bit.
I think Ken is probably in the right area with the centering adjustments - like the entire display could be adjusted to be further down (left) on the screen and then the video recentered upward (right), maybe. I just don't see any place to make adjustments to try this.
Checked for K4600 tips on Bob Roberts' page, but I'll I'm seeing is the cap maps and a lot of tips for G07's...