"but my question this time is when the foam finally hits the tube and to the bucket should i turn in to water right away"
If I understood the question right, no not really. It sounds like your skimmer is clearly producing way too much foam and the foam is most likely too wet. One or both of two things are happening.
1 the pump is pushing so much water through the skimmer that the level in the skimmer is too high (or put another way, the water can't get out fast enough so the level is too high)
2 for the amount of flow too much air is being drawn into the skimmer.
Either way, your getting excessive wet foam. Usuallly the way I would adjust a skimmer would be to first shut off the air inlet, then adjust the flow so that the water level sits farily low in the clear tube above the black box portion. (is this possible the way it's working right now?) Next gradually open up the air inlet so that there is a nice frothy foam mix in the clear tube but no skimmate is making it to the collection cup. Finally wait a day or two and by then the darker thicker foam will be will be rising up to the collector cup (not necessarily constantly, but on and off)
If the pump flow is excessive or the outlet from the skimmer is restrictive you will get the excessive wet foam it sounds like your describing. This is due to a too high water level in the skimmer. To cut to the chase, your easiest option is to throttle back the pump a bit.
As far as the real cause of the problem (this is the reccomended pump for your skimmer right?) I'm really wondering how high the water level is in the sump? IME it's very hard to have a low water level in the sump and not have microbubble problems in the display. Assuming your setup is plumbed like the pics posted, a high water level in the sump will most likely slow the output from the skimmer quite a bit, I suspect that this might be the root cause of the problem. If so your only options are to plump the skimmer differently, throttle back the pump, use a smaller pump, or find a way to run a lower water level in the sump.
Hope this is helpful....