When the aperture ring is set at something other than wide open, see that the aperture blades do move, and can move from wide open to thier setting when the stop down tab is rotated.
Sometimes old blades can be oiled stuck in place. Too much oil from some past adjustment migrates from the pivot pin onto the leaves.
After all of my rebuilds a small whif of graphite is all they get. I have sworn off lubriating oil around apertures.