I have the same problem with my jantex. If I adjust more than 2-3cm, I have to tighten or loosen the clamp by rotating the lever. I now just use a paddle length within 2-3cm, which is not ideal. I assumed it was from wear and tear, where the circumference of the male end was no longer uniform. I do not have this issue with any other paddle (Epic, Brasca, Think).
KR McGregor Rhythm, V10Sport, Swordfish S, Fenn Tarpon S, Fenn XT, Twogood Chalupski, Findeisen Stinger spec. Had: V12, Stellar SE, Huki S1-X, Burton wedge2, Fenn Tarpon