Re: 1974 15 horse
Why the cloak n dagger regarding the questions asked?
Correct and incorrect answers cost the same here. Wouldn't you rather have the former...This may not be the correct answer in your particular circumstances!
There is a lower shift shaft height dimension per the service manual that is adjustable via the lower shift shaft "thread in" amount.
That said, you can normally make this up this difference by adjusting the shift link threaded clevis inside the power head that controls "lobes"(your term) in your original post. Removal of small cotter, washer, and pin needed..
The service manual describes this adjustment, but it's essentially...
In the neutral detent position, it is equidistant from forward gear mesh to reverse gear mesh. It is done by feel as to when the gears begin to engage.
As you move from the neutral detent in each direction, you should feel the gears begin to "touch" in equidistant dimensions.
I'd suggest you post the answers to questions asked. There is a huge knowledge base on this forum for that motor.
If you plan to keep the motor, it would be a wise investment to pickup a factory service manual for that specific year. Ebay, currently has them for ~$25 delivered.