Ken, the gib does not slide. If you look at your pics, you can see a small vertical slice to the side of the dovetail on the right; the part between the dovetail and the slice is the gib. You can see that only a very small area of metal supports that gib and this is fine in normal use. Just don't go cranking down on the gib screws without the main bar holding section in place.
Yes, there is a small ball bearing under each gib screw. It allows the moving part of the head to slide smoothly in use.
Don't worry, Ken. You will love this head.