I just took my system apart
Tom,I had a similar problem this year on my 19 year old (1 year to me) O'Day 272. Interestingly, I thought my boat was a 272LE but was educated by a member of this forum that it is a 272, partly by learning that the 272LE was built with an Edson steering gear, but my boat had a Yacht Specialties gear, which was apparently installed some time after delivery. I had very hard steering, and binding up when I commissioned this season. It felt like it was in the cable, and after some research thought I'd have to bite the bullet and buy a replacement cable from Edson (who sell a compatible part for out-of-business Yacht Specialties). I took the entire system apart last week and found that in fact the chain was loose in the pedestal, and links were bunching up on each other on the slack side, and binding inside the column. When I lubed well and reassembled witht the chain having no slack, I seem to have cured my problem. There is not much room to even see what is going on in there under the compass, but by removing the pedestal and lowering the steering gear out of the column, you have easy access to the mechanism. With luck, this may be your problem too, instead of having to replace the cable.Good luck!