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A solid design is better than ay lubricant. No all knives are created equal. Some lockbakcs have an extremely strong detent, other frame locks have a moderate lock that allow a flipper to be used. Materials and finishing hae a lot to do with it too. Polished liners will more often offer less resistance than rougher unfinished liners, washer material, etc. It all depends on what knife you are trying to get silky smooth.
I've heard of some folks using pencil lead with some success.
It really depends on the style of folder and lock, is there a specific knife you are referring to?
CRK knives are best paired with a flourinated grease, I have used this on all of my other frame lock knives(with similar washers) and they have all been super smooth. I also like to polish the detent with a small amount of flitz,....very lightly though. Regardless of this, my smoothest folders are the ones that I have used the most, as long as you clean and lube them regularly, the natural wear/smoothening of all parts is what really achieves the silky smooth that I think you are referring to.
With that being said, there are also the 3-in-1's and Hoppe's like some other guys mentioned. These are great for other folding lock styles. I use them on my slipjoints, lockbacks, axis, triad etc. Regular cleaning/lubing is the largest factor in achieving a silky smooth operation, grit and dirt deteriorate blade washers and cause uneven wear. Hope this helps
I mirror polish (or as close as possible) all surface to surface moving contact areas.
I have only adjusted pivot screw tightness so far. I was wondering if there is a lube that is good to apply to washers directly. Any ideas?