Benchmade changed the washer on the 707. The 705 orginally had the oldschool nylon washer, the 707 uses the thinner bronze phospher washers. The 707 has a thinner backspacer as a result.
Pulled out a standard 707, and a 705BW took some measurements
707 : space between the liners is 0.1260" , liners measure 0.390" each, and the thickness of both washers is 0.0195" . Blade measures 0.0990 at the pivot
705 : space between the liners is 0.1470", liners measure 0.635" each, and the thickness of both washers is 0.0500" Blade measures 0.0975 at the pivot
ETA : I just put a spacer/standoff in my 707, the blade does not touch. At least with this blade. Is the 0.156" standoff part # STD0F. Of course you need to grind it down from a 0.156" thinkness to the 0.1260" thickness to fit between the liners.