I copied my reply from one of the other threads about this situation, it will hopefully answer most of your questions:
First, apply whatever lubricant you prefer for your knife joints to the handles/blade. Now, take out the torx screw on one handle so that you know for sure what the handle feels like when it swings freely. Hold the handle with the screw still in place and the blade together horizontally, or parallel to the ground. Let the handle without the screw swing freely so it is perpendicular to the ground (you will have a 90 degree angle between the handles). Once you get a feel for how the loose handle should behave, put some loc-tite on the screw and screw it back in. You will find and obvious point where if you tighten it up x amount, it still swings freely as though the screw was still removed. However, if you tighten it up just the slightest bit more you will see that the handle slightly binds to the blade and doesnt rotate as freely as before. You obviously want the x amount of tightness in this case. Once you get it right, do the same to the other side, let your knife sit for about a half hour for the glue to dry, and you should be good to go.
Also, there is Loctite on the screw but it's the temporary kind so you shouldn't have any problem getting it out.