OK, so I think I have the same jam nut arrangement. Here is a photo.
View attachment 64283
These nuts totally eliminate all backlash on the screw as evidenced by the dial indicator I mounted between the clapper box and the vise.
The lead nut itself is located behind the clapper box and is not visible without disassembly. With the lock loose, I can lift the box about 10 thou. Gravity will always drop it to the lower limit. I cannot push it further down. However, there is about 2 thou of settling (almost like a viscous damper) at either end that takes a, second or two to settle out. Once settled, it will not move any further. I don't know what the damping is. Probably an oil film in the leadscrew nut. I believe that the 10 thou is all in the nut to screw backlash. At this time, I have no plans to fix it. I think it's better to learn to live with it.
Here is a photo of using the shear tool on aluminium. The feed rate is 1 click, but the depth of cut is too much as evidenced by the size of the chips. Nonetheless, it's a gorgeous mirror finish. You can see the reflection of the chips on the surface.
View attachment 64284
Ignore the hashed section. That was done while making adjustments.