David, don't be in too much of a hurry to rid yourself of the lens.
I have a 2.8 AIS Micro Nikkor, which I purchased new, serial number 433037.
It was always sort of stiff to use, almost like a tight Leica lens which take years to wear in. The FE2 came out in 1983, I bought one, then I bought this lens just after that. So it's a late 83 or early 84 build, at the very least.
I have used it almost anywhere and for all sorts of things, in fact it was my only Nikkor lens for a while. Last summer on a very, very hot day I used this lens in direct sunlight for about 3 hours, the internal lubrication started to melt and weeped onto the aperture blades.
As a result of this I had to get it serviced. I didn't take it to the authorised Nikon place, but to a small husband and wife team, who, between themselves know quite a lot about this type of equipment.
As soon as he looked at the lens and felt it, he figured it was an early Nikkor that had been manufactured with a type of grease that is no longer used, and hasn't been used for about 20 years.
The old type of grease is super thick and terrific for most climates, but useless for super cold climates. As a result, Nikon changed the type of grease used from a thicker more natural type, to a thinner more man made type.
I have my lens back, cleaned, collimated, lubed with a thinner more synthetic grease.
It now spins quite freely, seems to have slight slack as one focuses back and forth, but works far better than it did for at least the last 2 years. It didn't seem to have any slack before I took it in for repair and service. In fact as I rock the focus back and forth, I can hear and feel, a slight metallic sound, which presumably, comes from the very long helices that are a part of this unique lens.
Negatives and prints are superior to before the lens had been rejuvenated.
It is a cracker of a lens and I would, if I were you, test it before passing it on, or binning it.
I have done almost anything you would wish to do with this lens. Film duping, photo copying, copying art works, photographing jewellery and super small pieces of plants, insects.
Mick.
As well as travelling around the world on and in motorcycles, which is incredibly hard on photo equipment.