The clicking action should be consistent as you tighten the lockring and tightening should just get steadily harder. If the ring is clicking gently then suddenly stopping, to the point where only one more click becomes possible, I would say there's still something wrong. There should be a steady ramping up of the force needed, not a sudden stop. This would indicate to me that you are taking up a lot of easy slack then hitting a limit and that's not the way it works. Another thing to check is that the cogs in the cassette should be held tightly from the moment the clicking starts; if they are still free to move right up to that last click, you are missing a spacer from the stack. Look at the back of the lockring - it should have a wavy washer around it; this is what compresses slowly and ramps up the tension in the locking system.
Scroll down to point 8 on this page to see how the top ring should look before you add the lockring:
http://www.westcumbriaclarion.co.uk/Westcumbriaclarion15.php
(BTW the correct engineering term for tightening these lockrings and crank bolts is: "F**k-off tight")