Robert,
Your photo doesn't show a pistol with a Mauser hump, and you wouldn't expect to find that on a 1929 pistol. The additional milling was introduced in the late 1930s.
Congratulations on what appears to be a very nice police Luger.
Please take some good sharp pictures taken in indirect sunlight (shaded, outdoors) and let us take a look at the finish and markings.
Odd that it's shooting that far high. What Ammo are you using? Be very careful not to use high velocity (+P or "Nato") grade ammo. Just normal 115gn White Box Winchester or equiv.
A modification to lower point of impact would involve installing a taller front sight, but that would (of course) destroy it's all matching status and collect ability... Of course, so would breaking a numbered part...
The problem may be hold related. Try a six o'clock hold (resting the bull's eye black area on top of the aligned sights) and be sure that you have a solid grip. The recoil of a Luger is different that that you'd feel on other pistols. It may be rocking up as it fires...
Marc
__________________
 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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