As my free time will go to virtually nil when I start my new job tomorrow, I finally did the full cleaning overhaul on the EF-20 today and it solved all my problems! As it turns out it was more than just the stationary contact and the buss bar that were to blame for my indication flickering and stutter when the hammer would rise and fall. Almost all of the contact fingers were super-corroded and there was even some corrosion on the buss bar itself. It took me about an hour and a half (and 60s music courtesy of Pandora) to do a full tear-down, cleaning and reassembly with careful documentation (photos and a hand-written chart) to ensure it went back together as I took it apart.
All in all, I'm very happy with the result and the thing works better than it has the entire time it's been with me.
