There is a huge difference in the two position control valves and all parts including linkage have to be matched together. I did extensive research on this sometime back because my hitch tends to fall slowly beyond a certain setting of the lever (see
https://www.orangetractortalks.com/...tch-leak-down-when-stopped.52614/#post-478346 ). (I now believe it is a feature, not a problem!) If you don't have a copy of the WSM get it at kubotabooks.com. It contains mechanism information for the old position control valve and linkage starting on page 8-M4 and for the newer "enhanced" version starting on page E8-M4.
Also, if you don't have a copy of the parts manual you can find one at kubotabooks as well. Note the B2400 manual has the new and old position control lever et. al starting on page 77.
That said, I still find no information about how to tighten the older version up so the lever doesn't fall. And an additional look at my new version tells me that the conical washers do indeed provide all the necessary friction to prevent it from moving, as the control lever shaft peg (the cadmium part under the U-shaped actuator in my photo) always has pressure against the operating lever, which is held in place with the conical washers. The old mechanism lists part 60 as a "bush". Perhaps adding conical washers in place of or in addition to to this bush may fix it. But it will be difficult to re-engage the circular clip (part 80) with any spring pressure on that shaft.
The best answer, I believe, is to take the linkage down as far as you can and try to find what would normally keep it in place. But it might be that the old control valve when in the neutral position normally exerts no pressure on the balance arm and the other levers so doesn't normally need any friction to hold it in place, but may now be malfunctioning.
However, after re-reading your first post, I'm not sure whether you are saying that only the lever falls, but the arms stay in position. Note in my thread referenced above that my hitch stays where I set it if at 5 or above, but falls slowly below 4 or below. Does yours act like that?
Edit: Look at your B2400 parts manual, page 104, last parts pics before the parts list by number. It has, for lower serial numbers, parts 80, 90, 100, 105, 110, 140, what appears to be the mounting bracket and a couple conical washers. Chances are this is for your control valve and may be where the problem lies, although it's hard to tell exactly where it is located. I hope this helps.