Thank you for the replies. In regards to the question 'does he have any problems throwing the ball right now?' the answer is yes, to a degree. Sometimes he has a clean release, other times he appears to be grabbing the ball, other times it appears to fall off of his hand. I think that he has too much reverse (as BrunsRich has stated. And yes, a youth cannot always tell you what is 'wrong' with the grip.)
BrunsRich, would you recommend to start at 0 reverse and 0 lateral (as solid9 suggests), or 0 reverse and leave the lateral at 1/8 away from palm? I could install a 1 1/8 thumb slug and start at 0.
And again, thank all of you for your help!