I fixed the starter today and look what top it is.
It turned out it had a missing fibre washer. Fortunately I had a spare in my container of parts and now it's gripping well despite one of the fibre washer's backing plates being detached.
I used brake cleaner to remove any traces of lubricant.
I now know what I'm doing thanks to you maxwestern explaining how they operate.

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Ahh, if only victa had kept producing the thumblatch catcher series, they would be in better shape today!