You now have a few ways to remedy the problem.
If the threads look good but still wont go, just run a tap through it, and should be fine. Other wise, if the thread looks bad to start with, simply return the product.
Reading your last comments. Are you saying with out the draw bar, your noise has gone, except for a second when restarting after shifting to Hi range?
You should be aware that when shifting the lever positions, you should grab the spindle and be certain each move you make is locked in place. Also, I think I would run it at several lever positions, and take note of what setting creates the noise. It could be a simple adjustment, from a loose set screw , but try and look a little deeper. If you can find a online manual, it would help you understand your machine a lot better.
PAUL
There has been much useful info here from all well-intentioned Folks that I am sure will come in handy.
Kudos to each and every one of U.
That bit about first testing and running an equivalent 7/16 thread through a new Tool is very good and practical.
There was absolutely no noise at all in the LOW RANGES. It occurred only in all the HI RANGES.
Will look for a Manual as U suggested.
Thanks a Mill
aRM