Hello Dunc,
I was once lucky enough to be given one of these vices by a friendly garage owner, who had been using it to press in auto bushes. It too had the same intermittent problem.
The screw has a buttress thread (saw tooth shape) and when the release lever is pressed, a cast plate containing about half the thread diameter is lifted, releasing the screw.
With the vice upside down, a piece of scrap was clamped in the jaws and as the screw was tightehed, the plate twisted slightly, allowing the thread to disengage. This was due to wear on the pressure points at the edge of the plate.
Once I saw which corner of the plate was moving, a piece of shim to take up the slack cured the problem instantly. As I couldn’t work out how to keep the shim in place, lateral thinking led to the equivelent amount being filed off the opposite corner and truing up all the contact faces, allowing the plate to remain square to the screw thread.
I hope these ramblings are of some help.
Regards
Jim