The newel at the top of my stairway is anchored to the floor with a faulty Zipbolt. The Zipbolt works as follows. The newel slides over a hanger bolt that is drilled to the floor joist. The newel is anchored via a cam fastener that attaches to the bolt as shown in the picture. I think I over-tightened this fastener--I've seen metal shavings inside the hole--so I'm unwilling to tighten it further.
I can't replace the fastener without tearing out the entire railing system. I'd like to shore up the fastener by inserting something above it, like a shim, but not confident that wooden shims would do the trick.
Any suggestions?

