Originally Posted by garage sale GT

There's no lockring. It's actually a bearing cone. Calling it a lockring sets you up for a pitfall because the only thing holding it accurately adjusted is a stack of paper thin metal spacers that it stops against. There is no way to adjust it, as if it were a lockring with a cone underneath. If you take it apart, be very careful not to lose or warp the spacers underneath. Of course, if you get new balls, they may be of a slightly larger tolerance and it won't go together right anyway.