Try a Losoid grease. Three grades, heavy, medium and light. Not cheap though!
The collimation described is what is known as a CONDITIONAL Collimation. It is only for the eyes of the user.
The proper collimation technique is to ensure that one side of the binocular optics is parallel to the central hinge and then collimate the second barrel parallel to the first. You will need some form of collimating device.
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