Thanks!
For some reason I've always found this very difficult to align properly. I've set it up essentially as you describe with but I can never get either the big ring or the granny aligned such that it doesn't rub on the front deraileur cage. It is possible that this is an issue regarding the positioning of the deraileur, but if it is I've never been able to nail it down. So I've set is up such that the middle ring runs rub-free and the big ring and the granny rubs only in the largest cog or smallest, respectively.
I've conceded this with the idea that if I'm using these cogs I should probably be in the next chainring anyway. I double checked the type of front deraileur, and it is a 6503 not the 6603 as I originally thought. I'm also noticing that the deraileur cage was significantly re-designed between the two. The 6503 looks much more like a double with the inner portion of the cage smaller and closer in alignment with the outer. I'm wondering if the redign wasn't a fix for the issues I have experienced.
Regardless it's a mute point now as I decided to suck it up and replace the deraileur. Picked up a DA 7700 for 44.00 at icycles.
Thanks again, I learned a bit from this.