It's darned hard to tell exactly where noises come from, they transmit along the pipes so well.
The pump needs attention - it could be sticking. That would make the boiler overheat, which would make the banging and hissing noises. Also a pump full of air won't be pumping anything
As I said, if moving the lever on the motorised valve doesn't release any air then the AAV isn't working, you DO NEED to check it, but with the Vent pipe a couple of feet behind the pump ( by the look of it) you should have got rid of air anyway.
If you can slacken off the nuts on the pump connections ( the ones on the pipes may be easier, than the bigger pump flange nuts) and twist the whole thing horizontal, I suspect your problems might go away.
As I said, the configuration of the AAV & associated pipes is wide open to criticism, but it is not causing the problem, and moving things there would not "make up for" your pump problem.
90% of systems simply DO NOT HAVE a permanent air vent to bleed the coil automatically - it shouldn't be necessary.
NB if the pump isn't working properly, then if the water in the boiler overheats it will produce air separated from the water, & steam, which will make the pump situation worse immediately. Your "gushing sound" is likely to be a rush of steam shooting over the vent pipe into the header tank. This is a BAD THING!
And also, too, as well, longer term, you'll be accumulating oxide deposits in the pipes particularly where the vent and cold feed join in to the system - and they can ALSO block things up.
A gushing sounds means you have oxygenated water in your system. That means you will eventually get corrosion & sludge in your radiators. A corrosion product is hydrogen. It generally collects in radiators where it's produced - do you have to bleed radiators periodically? You shouldn't have to, ever. You would get some being separated in the boiler, but too slow to be causing the acute problem you have.
So fix the pump!