#600 grit equivalent or higher, (#1000 probably better), will do no harm... change no tolerances, or have any adverse effects. To the contrary this is good surface prep. Smoother surfaces where you have metal-to-metal contact will only help.
The stiffness (drag), is caused by small (microscopic) surface imperfections, (or dried oils or other debris) where you have metal to metal contact. The break-in action of many opening and closing cycles on some new folding knives evens out those small surface imperfections, because the different surfaces are in essense, 'sanding' each other, and the friction of metal to metal contact is lessened (even so with lubrication). Knife break-in can be accelerated, but I won't ever bring this up again here on this forum.
It's all about minimizing friction between moving parts where there's metal-to-metal surface contact. When you minimize the friction, you enable freer movement. When the knife breaks in, it's because the friction between mating surfaces is minimized.
I mentioned 'sanding' earlier. :foot: I wasn't very specific (my bad). So y'all jumped on me... thought I was giving direction that would ruin the knife. Lol, very funny how so many were quick to agree. We all make assumptions. I'm guilty too. I thought what I posted wouldn't be misinterpreted. For the record... My comment wasn't qualified, and I would've been better off not posting anything rather than bad instruction. I meant only polishing smooth the surfaces - not removing material... and (though I mistakenly didn't post this)... for myself I polish not only the pivot hole area of the blade, but the washers on both sides and the interior frame, and should've included this in my earlier post.
Pls don't tell me I'm ruining my knife (I'm not). Don't tell me how the washers are 'frozen' and only the blade moves - that's only theoretically true. Nine and a half, out of ten of you wouldn't know your way around a toolroom (though you talk a good game).
This is all said with the greatest respect.
Lastly, I apologize to many of you experts. I promise I won't be volunteering any future 'advice'.