If the grub screw was not loose and the locking collar cannot be turned even after loosening the screw it is unlikely that this is the reason that the micrometer had become tight. (Did it suddenly become tight or has it becoming increasingly tight over time). Can you tell from my photos and comparing with the other LHIRES if the collar is engaged or disengaged ?
Other than that I guess it needs an overhaul, removing it, unscrewing the barrel cleaning and re-lubricating. Mine is still fine after 18 years though (I recall you have a remote adjustment, could this have been preloading it causing premature wear?)