Sounds like you have the original Seaway jib cleat/traveller car. These had all SS parts that, over time, get corroded and difficult to operate. Sometimes they can be salvaged with a good cleaning and soaking with WD-40.
There have been many upgrades designed for the H16 jib sheet system and they are easy to install. Check out the Hobie and Murrays catalogs. If you plan on racing, an adjustable traveller/jib cleat upgrade is recommended. If not and you want to spend some money, the Hobie Lo-Profile Jib Block (PN 1075) is a good place to start. You can get as fancy as you want.