Hi there,
medform-norm:
take out your loupe and look for a set screw, ala process lenses, holding the lens cell you can't unscrew. If there is no set screw than it was painted shut. A few drops of acetone at the seam will help.
the headless screw is the linkage between the outer ring and inner mechanism. Remove the headless screw and unscrew the outer ring and remove it**. This will expose the slot in the barrel and you can see the condition of the inner action ring. Now you can ##CAREFULLY## insert a driver and see if you can move the inner ring. It is possible to re-install the ring too far down the threads, you have to check alignment of the inner ring and headless screw.
**most outer rings are threaded, B&L used no threads, the ring is held on by a 'beauty ring' around the front of the barrel. Just remove the front cell and pull the beauty ring straight foward off the barrel, remove the headless screw and turn the ring to the full open position and align the groove with the set screw and pull foward to remove. These were also greased at the factory and the grease dries to cement, a little heat, hair drier, helps loosen them.
Have fun with it.