Pete, which PenF-Nex adapter do you use?
It places the lens correctly (the red dot is straight up).
Many Pen-Nex-adapters (Fotodiox, Fotasy, RJ, Pixco, Rocks, ....) twist the lens 10-15 degrees. This makes the Nex-body less useful on the PenF bellows, slide copier and long tele w tripod mount.