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No plastic lock nut. Seems to be a different version then what you described.
Fiddled with it when out on the trails a couple of times. Think some water got down in there and did some internal damage to it. It might have been seized when I went to use it for the first time in a while and put stress on the spring bend.... which lost it's setting/stretched. Wasn't going in and out smoothly after some use.
Probably needs some WD40 worked into it... grease the shaft and some sort of rubber condom put over it to keep the dirt and water out. Will post some pics of it later in the week.
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