Hate to say it, but "generous amounts" is probably the problem. Sounds like some of it got ahead of the piston seal. I'm a little confused by your statement, though. You said "at the seal and the piston seal". The piston seal I get, but what's the other seal you're referring to? If it's the breech seal, that's at least part of the problem. Clean it out, if so.
My 34 doesn't like JSB's at all, especially Exacts. It's favorite pellet at the moment is CPL's, followed closely by Crow Magnums. If you have some on hand, you might try shooting some heavier pellets for awhile. This can help in a dieseling situation like yours. I assume you used a Macarri spring, if so, you won't hurt it with the heavy pellets.
Another thought, did you deburr the cocking slot, etc., before replacing the piston? If the answer is no, you could easily have nicked the new piston seal on reassembly. Give it time, the 34 is a great little rifle. Once you get it sorted out, I think you'll be very happy with it. Good luck.
Dave