If the rear sight is sticking out over the flats, you might move the front sight in the opposite direction, a little, so that you can move that rear sight back a little, and NOT Have it sticking out.
The usual practice, in this country, is to put the run out of a bore towards the bottom flat. Makers used to stamp their logos, or names on that flat to tell gunmakers which flat should be " Down ".
Apparently, the folks in Europe who make those barrels don't know that rule, or don't follow it. That is too bad. Its much easier to adjust for a bore that shoots " low ", by shortening the front sight to raise the POI, than to deal with a barrel that has the run out going to one side or another, as yours does.
Personally, I would send the gun back to Lyman with my complaint, and demand a replacement- at least a new barrel. :hatsoff: