I've been wondering whether the pressure or tension of the crank spindle lock ring may have an effect on drag between the spindle, lock ring, and the nylon bushings (which
may be available from BMW -
not sure though these are Photon-compatible).
I'm not any type of engineer, but my guess is that the lock ring need not be pressing tight against the bushings, and that all it needs to do is reduce any excessive spindle lateral slop. CYC themselves gives very little clue how much pressure the lockring should apply. My Photon builds have more drag than my well-broken-in BBS builds, but they've only got a few hundred miles total of road time. I'd consider putting one of the well-polished washers, greased, between the left BB cup and the lock ring, then tighten the lock ring so it just took up the slack of being able to freely turn the washer by the edge. That way you'd have nylon|hard polished surface|split aluminum. I've also been able to slightly adjust and back off the lockring pressure, even with the crank in place - might try that.
P.S. I did watch the High Voltage on the subject, and think he's got a good point/case on the nylon insert dimension issue. Dunno about the chain ring removal issue - haven't tried yet.