So I think it came down to a fit-finish of the feed screw. Looking closer, I see what I believe to be some chatter on the major diameter of the screw. Also, the edge between major diameter and where the pitch descends is quite sharp. Any 'rocking' of the feedscrew within the nut immediately causes it to bind. I ran the screw through the lathe with a file riding on the sharp edge and got some improvement in cross-slide movement.
The cross-slide gib was set without the feedscrew engaged, so I'm pretty confident it's not gib adjustment related.
@A Smith, unsure if this is the ML7 orS7 long cross slide. It was on the lathe when I bought it, though the original owner had never added the long feedscrew to match.
@John P part bought from myford_ltd on Ebay. I will say I was quite upset with how it shipped – a long, narrow tight-tolerance screw was put in a bubble-wrap lined bag. No box, so high probability of getting bent in transit.