Re: 1959 50hp v4 starfire lower end
Rick, The motor will pop out of gear due the the shift dog and gears rounding off at their contact points.
There are some adjustments, however, if the shift dog has rounded off, it will not help. Look at the brass shift belcrank right near the shift lever. You will see scribe marks, on either side of the detent. Those are where the gears are supposed to engage. However the shift linkage usually has lots of play by now. See if you can use some bushings to take some of the play out of it.
The forward and reverse gears are interchangeable, as is the shift dog. Pick out the best condition (not rounded off) gears for forward and reverse. Now pick the best side of the shift dog.
You can also over adjust the motor for forward. Of course you will then not have reverse. I ran that motor that way for years.....