Marconi,
simulating a load using R 34.7 + jX 2.0 ohms and having no idea as to the length of line between your antenna and measuring device, modeling the load with my own program using a halfwave line @ 27.185 mhz., i'm looking @ a transline input R of 35 ohms and jX equal to 2 ohms of capacitive reactance with 1.43:1 swr at the transmitter and 1.44:1 swr at the antenna. feedline is lmr400 with a length of 15.3772 feet and line loss due to attenuation is 0.099 dB., ninety nine thousanths of 1 deciBel. there is an additional 0.007 dB. of loss created by the reflection and minimal standing waves on the line resulting in a total system loss of 0.106 dB..
no where near the 4% of reflected power believed by most to be incurred @ an swr of 1.5:1. by comparison as you can clearly see, for an swr of 1.5:1 to be responsible for a 4% loss in power due to reflection from the load you would think that one would have to be using some pretty lossy line. where swr is concerned however, it is reduced as the line loss increases with length while actual power loss continues to increase, transline input impedance is raised or lowered and reactance is reduced. this is the same effect that has been observed by some who are so wrapped up in achieving a perfect match that they choose to operate excessively long and lossy lines, not understanding that as the line becomes longer and loss increases, all load parameters converge towards the characteristic impedance of the line. the end result of this mania is that very little of the source transmitter power makes it to the load to be radiated. but hey, the swr is flat! lol.
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your mast section, i.e., element 14 is a resonant 1/2 wavelength @ approximately 38.8 mhz., which would, at the very least, explain the low value of R and the attendant swr @ the preferred operating frequency.