Hi Saikat,
helis are made out as super precision
machines with tighter tolerances than a swiss watch.
I think they are super precision machines and thus, need a lot of attention to details.
The ultimate proof of a heli is how it flies
I would not recommend flying a heli unless you have eliminated most of the slop and are satisfied with the setup.
In this case, the op mentioned slop in the main grips. He is probably missing something like a aluminum collar between grip and damper. So I would definitely not suggest him to try flying the heli in this condition.
don't get carried away by all tolerances in mm / pitch curves / throttle curves / super
space age alloys machined cnc etc. , superflous stuff like blade balancers / swash levellers
pitch gauges etc.. None are really required if you have your basic "fundas" correctly.
Well, all the things you are mentioned are important and building without them can result in more frustration for the user.
Tools are what makes this hobby enjoyable - without them you will be frustrated with questions like why is my heli going right, why is my heli vibrating so much etc