Thanks for info. I came back here to say after sitting a couple/few hours, it's smooth through full range.
I call anything in "that kind of can", 3-in-1 (I do remember the real stuff was kind of thick). Mom had Pfaff oil in same type can. Just read label and I have Gunk Super Oil #L10-03 (old from appearance and $1.19 sticker on can) - it seems thinner than 3-1.
The micrometer is in a 224 Set A box (2" - 6"). It has 4 screw on "compensation anvils" and 4 rods (2",3",4",5"). I have Mitutoyo blocks in larger increments .625, .100, .125, .200, .250, .300, .500, 1.000, 2.000.
With the +1" anvil, 4" rod (set up klugely as shown..), and up to 1.000" blocks, if I "ease" the thimble/anvil to the block, it comes out right on (or within a line width). If I switch to a 3" rod to use the 2" block, it comes out about the same (needs more effort to get rod/block lined up). If I continue until the ratchet slips (more like a slip clutch), it goes past about .00025 or .00033". This may be okay, but does it indicate more work is needed - like tighten the slip ring or oil the ratchet?
... I did both. Tightening slip ring made it hang up again between 5 and 9, worked thimble end to end, etc, and now 1/8 to 1/4 turn of slip ring will go from "ratchet always slips" to "no resistance at all". I suppose it just needs to be used now... is how I remember a good micrometer should work, though never used one this big.