I had this issue on one of my first Bugouts. DO NOT OIL THE LOCKBAR, it will make it worse. To fix the issue, take the entire axis lock apart, lock bar, springs everything. Clean as much oil out of the entire system as you can.
When re assembling the axis lock, only lubricate the blade pivot pin, sides of the blade, and phosphor bronze washers. Once back together, you will have to open and close the blade working the action to smooth out the titanium. It will smooth back out, so be patient.
My first bugout I had that did this, and I sent it back to benchmade to be fixed. When I talked to one of their repair guys, he told me what to and what not to do with the bugouts. He also told me what they do when one comes in with the gritty action. They should outline that little piece of advice at least with the Bugout because of the titanium.
One of the officers here oiled up his bugout and caused the gritty issue. I stripped it down, cleaned it up reoiled it in the spots mentioned above, and after about 10 minutes of working the action, tada, smooth as butter and all better.
Titanium, oil and steel don't play well together. I do wish they would just use a steel lock bar in stead of the Titanium. I mean how much weight would it add to it.
TXPO