Hey guys...
erm as for orings... give smartpartseurope a shout by phone, they are excellent... but if time is an issue... most orings are standard for other stuff... as long as you can match the size then it's worth a try innit?
As for sealing it up completely... makes sense in some ways... BUT remember that the on/off mech is basically a 3cm long, 8mm dia aluminum rod rod that has a small hole drilled right through the 8mm dia which is rotated in side when the lever is turned... the way that hole seals is by a small o ring set into the inside of the barrel(presses against the rod.. and around the 1/2 mm dia hole.. this can only be removed by first removing the on/off mechanism (circlip and push out ) then removing the (leaking)grub screw in question so that you get access to the oring at the back of the open barrel(dental pick to remove it or a bent paper clip). That is the reason for the grub screws existence.. basically my oring wore out (ouch). if it was loctited in i'd a been stuffed.
Hope that clears things up guys
good luck... oh but use green loctite if you do use it.. lol