Blade play (BP) drives me nuts! I've got 3 BM Mini Grips, multiple Spydercos, etc and don't recall any really having any BP.
Two weekends ago I got my first Zero Tolerance, the 0200, and between the minor BP and the fact that I couldn't get the screws on the pocket clip to tighten all the way in when I switched from tip down to tip up was all I could bare. I went back to the store to exchange it but the new one had minor BP also. I finally ended up changing it for a 0350 instead. Lock up was great until I again tried to convert it from right-hand tip down to tip up. Just removing the clip screws from the tip down position caused the blade to go off-centered and rub against one side on the liner when closing.
In tip up position the BP was ridiculous, so much so that I had to return it to tip down, but now it still has minor lateral BP.
I thought they said they had "Zero Tolerance" for all these defects? I love the 0350, much more than the 0200, so I'll have to play around with the pivot screws, etc. Just waiting for my new Torx screwdriver set to come in since I stripped my T6 trying to adjust the 0200!