I'd say that the bushings in the starter are worn enough so that the armature drags a bit on the field coils. Not a hard fix and not an expensive fix.
Bushings cost under 10 bucks for the pair even if you pay full bore price for them. Delco starter almost all used the same bushings. Here is the O'reilly link
http://www.oreillyauto.com/site/c/se...make=Chevrolet
Then a set of brushes 2 choices depending on what is in the starter now.
http://www.oreillyauto.com/site/c/se...make=Chevrolet
You don't have to buy them from there that is just and example of what you are looking for.
Rebuilding one isn't hard but I'd look for a you tube video on rebuilding a Delco starter before starting on it. I tried to put a photo tutorial together on it at one time but without someone to handle the camera it didn't work out well. The main issue is getting the old bushings out and for that I modified an old flat tip screwdriver by sharpening and rounding one side of the tip to use as a chisel to drive between the bushing and housing to split the bushing. I lost my favorite one I made 40 years ago and used for years and had to make a new one a while back from a flea market used screwdriver. I use an old king pin as a driver to drive the new bushings in as I have never bought a bushing driver set. grease the bushings with a little dab of grease before putting it back together. The brushes are pretty self explanatory once you see how they go in and you just have to make sure you get the beveled side in so it fits against the commutator flat. You have to spread the brushes out to get them around the commutator and that can be a challenge the first time. There you go fresh starter for beer money rather than paying the exchange price.