Do you have some ceramic Spyderco sharpening stones?
My 940 had the same issue. When tight enough that there was no blade play the action was very stiff.
What I did to fix it is without disassembling the whole knife I took the pivot screws out. Then I pulled the blade and washers out of fhe front of the knife. Then I polished the sides of the phosphor bronze washers that touch the sides of the tang, leaving the opposite sides of the washers that face the inside of the scales untouched. (Remember which side is which, maybe put a tiny sharpie dot on the sode you won’t polish)
To polish use the finest ceramic stone you have. I used a spyderco ultrafine but a spyderco fine should work too. Just lay flat on the stone the side of the washer you want to polish (the side that faces the blade tang) and rub the washer around in fast circles but don’t push down and apply pressure. Phosphor bronze is MUCH softer than steel so it won’t take long at all to polish them. Just be gentle and’t don’t go too hard, you don’t want to make things worse. Don’t worry if the face of the washer you are polishing doesn’t become 100% polished and still has some tarnish on it. Just get the majority of that side polished.
Then I cleaned everything off, used a tiny drop of oil to stick the washers to the sides of the tang and pushed everything back into the handle. I had to ise a little toothpick to make sure the washers and tang pivot hole were all lined up.
This 100% fixed the action on my 940. I think aside from the polish the tiny bit of metal removed from the washers made them ever so slightly thinner, making them fit better when I tightened the pivot down to the point of no bladeplay.
Now it has that free action where you can pull the axis lock back and swing the blade back and forward.