Thank you Tom. This light leak is so small but its not the smaller aperture as you have suggested later. The light is showing as a reflection between two shutter leafs (blades?) about half way between lens center and edge. However it is hard for me to believe it too so I am going to place a film, remove the dark slide and see if there is an image (light trace) on the film. This will tell me if it is or isn't it.
In yourreply you are mentioning several things I would like to ask you to clarify. What do you mean by "rotational camera movement"? the word rotational implies to me around certain axis (lens axis? head axis?)? if so, how is it possible when both are locked?