I would soak the windage screw with some Kroil for a day. Then, with light pressure against the sight, turn the screw. It should swing all the way and you can remove it and inspect the threads and associated parts.
Sometimes the sight gets crud and dried grease in it and freezes up from lack of use. The knob will turn a little taking up the slack and spring tension but no more.
Good luck.
Kurt
As the late Turner Kirkland was fond of saying, "If you want good oats, you have to pay the price. If you'll take oats that have already been through the horse, those come cheaper."