I recently purchased the meco midget torch as depicted at the following website.
I discovered that the valve was nothing more than a metal pin with a brass knob at one end and a tapered point at the other end. The metal pin is threaded so that it may open and close the valve as you turn it. The grinding noise was coming from a brass spring that fits over the tapered end of the pin and seats against the brass valve seat. The brass spring had been filed flat on either end and had a rough finish that was also making the outside area of the valve seat very rough.
I removed the springs and put the torch back together. I am not really sure why they put these brass springs in there in the first place? The valve seat appears to be part of the torch body and doesn't appear to be removeable, so I don't see any benefit for these springs to be in there. With the rough filed finish on the ends of the springs, they are more of a hazard than a help as they slowly chew away the brass on the outer area of the valve seat. I am wondering if anyone else has seen this sort of design or knows why they would put them in there in the first place?