This is a perennial problem. If the blades are getting blunt, or were incorrectly sharpened in the first
place, they will tend to go 'off track' as they bite. Hard coatings will quickly dull the blade and coarse-grained
woods like pine will deflect a dull blade. More and more of this stuff is being made, mainly for economy reasons.
The companies who make it are not picture framers.
Some mouldings are made with volume production in mind
where it's cut on massive equipment that can deal with it.
If you start to get gapping on the last corner, you can compensate for this by adjusting the
left fence. Don't touch the right one.
Pull the end of the fence toward you. I'm talking minute movements here. Every tweak will be multplied x4 on the frame.
Use a wide, flat piece of timber and cut four short pieces. Align them 'dry' and check the angles. if the gap is on the inside (it usually is),
move the fence toward you a smidge. Recut the four pieces. Test fit again and note any difference. If there is an improvement keep
tweaking the fence and recutting. If you start to get a gap on the outside then you have tweaked too far.
It's a tedious business but when you have done this a few times you will be able to do it by intuition.
The ideal thing is when you have joined three sides the fourth should be
ever-so-slightly apart. Pushing it tight will cinch up
all the corners for a good, strong join.
While this method is great for compensating for blades that are starting to dull, you can't go on forever with it. I would start with
fresh set of (correctly ground) blades and when you fit them make sure the fences are inline.
Remember, wood is a natural material and just because you blades are spot-on 45º it doesn't mean they will produce as 45º angle
on a piece of wood. The Morso is a great piece of kit but some mouldings ask too much of it. Woods like Ayous and Obeche and their
ilk are generally fine. If you get a wide moulding based of laminated softwood with heavy plasticy compo you are going to struggle.
Such mouldings are best sawn. Also Oak and other dense woods present a challenge.