I havn't checked out the Kk Michael/Ballaugh baptismal regs (the name Adam was more common here around the boundary in Bishops desmense) - in the IGI all Corlets have been totally messed up by a wholesale deletion from the Parish Register extracted records & replaced by patron submitted (some wrong - most indicating information that is not actually present in the register)
There is I think only one Adam Corlet in your time frame - will 1735 would indicate son