Thanks @chercheur and @eiraved . Since posting this, I re-recorded the two dodgy tapes and it's now perfect. It plays and records and the mechanism appears to operate all like brand new 
@hdrobien: after being waylain by other things i finally took the transport apart and cleaned it. the two guides are moving freely and reaching their end-point simultaneously. Unfortunately I still have this problem with the deck.The problem usually lies in the part circled in red.
It is a kind of silver metal hook that should freely slide along one of the large black gear.
Most of the time it is stuck due to old grease, thus the right guide reaching its end position too soon, preventing the left guide to achieve its travel as it should.
I will double check! when i had the transport apart i cleaned off all old grease and manually moved the guides by turning the cogs and they seemed to move freely and, as far as i could tell, seem to reach their holders at the same time. when you say 'stay in position' how much movement are we talking about? it should be rock solid?@evo_kid Does the left guide firmly stays in position during playback if you try to push it back with a finger ?
Have checked that the "silver hook" slides freely along the large black toothed ring ?