no, both of them don't line up horizontally with the bracelet but they are both at a 11'clock angle i guess. I have the old screw system if that makes any difference. Mine is on as tight as it will go without putting every mighty effort you get into it. i check it now and then and it doesn't move or anything.
I'm a bit scared to tighten the screws too much coz I'm afraid it might chip away the screw's and the hole's current markings and stress too much on the connecting points. (just thinking similar to drilling into preset holes with screws, too tight might make the screw/hole not work well all together)