Well, as long as your pump basket remains full of water and primed, then it's nothing to lose sleep over at the moment. Normally we think of bubbles as related to a suction side leak where air is getting "pulled" into the suction side between the skimmer and the pump. If it were a leak on the pressure side (after the pump), then you would expect to see water on the ground and probably some water loss. Bubbles can come from the SWG, usually smaller though. Perhaps occasional bubbles from a plumbing anomaly where water is churned quickly. Mine does that at times. As long as the pump is full of water, then you could take your time investigating each run of plumbing and trying various valve settings. As for the filter and gauge, make sure the gauge actually works and isn't simply stuck at 17. When the system is off or on low, there should be little to no PSI registering on the gauge. If it's stuck high, then you should replace it. If we didn't mention it already, make sure the pump basket O-ring is in good shape and properly lubed with pool silicone lube. There might also be a drain plug or two at the bottom of the pump that could be inspected as well. Let us know if you have any luck as you poke around. We'll throw more ideas at you as we read further and think about them. Enjoy the weekend.