Dave,
Agree with you regarding vorticity (see below), but it was disconcerting that the seal friction did not do a better job holding the valve in the open position. This was a first for me, and a heck of a surprise.
This is a 4" NPT, female threaded, brass full port valve; if memory serves McMaster-Carr # 47865K73. The valve is installed vertically, about 18" above a horizontal run and buttweld elbow. Within a day or so of commisioning the pump skid, we noticed the handle seemed "loose" in the open position, a week or two after that, it started to exhibit the behavior described earlier. A bit disconcerting, as the back pressure on the item under test would suddenly depart from test conditions.
The stem is perpendicular to the plane of the piping bend, thus a 2-vortex swirl as develops downstream of bends, would (I think) explain a non-uniform force or couple on the ball. The force is not huge, a fingertip on the handle is enough to restrain the ball - but there is zero friction on the ball from the seals until fully closed. The handle is oriented vertically up, so the weight of the handle is enough to keep the ball moving towards closed...
Our fix was (laugh if you want) an O-ring tying back the handle to force it to snap over-center to either the closed or open position. Quicker, easier, cheaper and more convenient (fit for purpose?) than a locking handle.