WD40 leaves an oily residue. Try LPS-1 on the ring and other mechanisms. It leaves a dry residue. You could also use silicone, especially the food grade, but not on the base platel. Minwax or Johnson's paste is the best for the base plates. If your base plates are scarred you might try rubbing them on some 1000 grit wet-dry paper on a flat surface, then wax.
PS: I love your high tech storage box. I use tuperware for saw blades, dado blades, bandsaw blades and other stuff.
St. Louis, MO
Last edited by Clouseau; 06-16-2009 at 10:57 AM.