Eric,
I have definitely found that a shorter exposure will produce a higher
contrast.  I suspect that this may be due to the printing-out
characteristic of pt/pd.  Sometimes I'll purposely move the printing
frame further from the light to increase exposure time and decrease
contrast.
This also becomes a problem for negatives of too low a contrast.  The
contrast agent usually lengthens exposure time.  The result is a fight
between a drive (by the printer) for higher contrast and a desire (by
the materials) for a lower contrast.
Other factors affecting precoated paper are humidity and time.  I have
found that a precoated paper kept dry, cool, and dark will not produce
good results the next day.  I even notice some degrading over half a
day.  Coat only the paper that can be exposed in three to four hours. 
Or better, coat each sheet only as needed.
Thanks for the info. on F.O.
Jeffrey D. Mathias