I too, have a bladderless tank. It's a precipitation tank for iron removal. I put a shraeder valve on the top of the tank along with another gauge to compare with the gauge next to the switch. I see 2 PSI difference between them.
Do you have a shraeder valve on your tank to check air pressure with a tire gauge? Could be your gauge is off or the switch is off. If you raise your kick-out pressure, the GPM of the pump should drop off a little and you should get closer to a minute or cycle time. Try 40-60 and see how it does.
If I didn't have the issue of my micronizer not working above 40 PSI, I would raise both the kick-in and kick-out much higher just to get more flow on my shower. My 10 GPM pump however is averaging less than 5 GPM so I'm stuck with what I have for now.