+1 on the masking tape, 2 layers per side works for me. This will keep the blade from binding, but they can still be a little stiff around the grip/guard area. This will loosen up some if you make this area narrower when you shape the edges, since it will flex easier, and how high up you place the top rivets has some effect on the stiffness of this area also. I sometimes leave this part out of the mold and just mold it by hand as it cools to avoid it being too snug.
You can tune everything up and even re-mold it entirely after it is riveted together if you are careful. I tune as necessary with a heat gun once the intitial molding and assembly are done. Nothing is final about the molding as long as you don't over-heat the material, I have tuned sheaths after months of service.
They tend to loosen some as they break in also so I would not read too much into how it feels at the stage you are at.