As a King Keg owner and user, I am well aware of their ability to leak! While I have no experience of the barrel moulding leaking (splits or pinholes), I have experienced leaks around the cap assembly. I bought a new King Keg recently and made a YouTube video of me checking out the neck.
I didn’t check it out to see if it
would seal, but it demonstrates the sealing face as delivered undulates and that is the challenge for the rubber o-ring seal. As the cap is tightened the high spots will compress first leaving the hollows with reduced compression. There’s probably a variation in this variation
that means some kegs seal easier than others or require more/less grunt to get them to seal. Having achieved (perhaps) a seal you’re faced with the challenge of undoing a much lighter empty keg that just wants to dance around!
The other cause of leaks, and equally frustrating, is the HB valve with it’s slowly perishing rubber band valves and the rubber seal under it’s collar that gradually exudes under pressure. Cheap? Yes. Reliable? Not so (IMHO).
All need to be replaced with something more reliable and, yes, a bit more expensive. Then you will have a better chance at a serviceable product.
Having spent the best part of £80 on my first King Keg and S30 cylinder, I decided to see if I could fix it rather than right-off the £80 and spend another £200 or thereabouts on a Corny keg, regulator and CO2 cylinder.