Im rebuilding my new (to me) 85 powermatic 66 TS. I was having a very difficult time raising and lowering the blade. After removing the table top I found this hole filled with a screw that was clamped down very tight. The shaft that it was screwed onto does not turn easily in it housing. My question is, should this screw be tight like it was or should this assembly turn within the shaft? What is the screw for? Should the shaft turn more freely within it's houseing? Screw hole marked with red arrow. Housing marked in purple scribbles.