This thread got me wondering so I just checked mine, 86 05 250 model, about 2 years old...
Ive never noticed any issue but on very close inspection there is a very slight (less than 1mm) side to side play. Looking at it for a while, and working the mechanism a few times, it occurred to me that this is by design. Any tighter and the moveable jaw wouldn't be able to move.
Anyway, seems like about as tight as tolerance as it can get without binding.
Back to the pegboard they go...
