Thanks guys – very useful suggestions. Some further info to aid the diagnostics:
@Spock/BuigYinn: Shock bearings not rusty (I checked them when I took the shock out), but will disconnect shock again and check there's nothing else in there.
@NickC: There is no 'off' function for the Brain, only degrees of firmness/softness. I'll try running it super soft and see if it feels different.
@LoCo: No squelching. It used to, and that's why I had it serviced.
@BorisElbrus: Could be Horst bearing. Will check.
@Stumpy01: that describes the symptom perfectly. Maybe that's just the way it is. Any other Brain users recognise this?