The main helicoid is well lubricated and was not disassembled.
However, the secondary helicoid (for the floating elements) was dry as a bone. No helicoid grease at all. This is where the awful sound was originating. After some helicoid grease this secondary helicoid was smooth and quiet.
In the picture the helicoid has been turned out one complete turn. It comes off after 1/4 more revolution, at the brown arrow. To re-assemble, start it at the brown arrow and turn 1 + 1/4 turns to align the scribe mark with the green arrow.
Someone may have been in this lens before because it has scribe marks on it already.