Originally Posted by
merziac
Gonna go out on a limb here and say the inside of the steerer tube should be cleaned up a bunch, from the looks of that stem it may be pretty nasty in there and could easily be mucking things up.

Most definitely! But I had a hard them to insert the quill right from the start -- had to rotate it quite a lot to put it in -- so there's probably more to it than just rust!