The Merc shift shaft is splined. It goes into the upper shift rod, which has a female-spined socket. When you drop the lower unit, it's best to have the remote control in Neutral. Keep in mind that you'll have to raise up the motor with the controls in forward, before shifting to neutral, since the motor is locked-down in Neutral as well as Reverse. Unless, of course, you have PT&T, then it's a piece of cake!
About the only "secret" thing on the older 4-cyl models is that there's a bolt hidden underneath the trim tab. You'll have to pull the trim tab then the bolt will be evident. The plastic plug at the top rear of the mid-section is pulled to reveal the trim tab bolt. The plug just pries out with a flat-blade screwdriver.
Once all the mounting bolts are undone, the L/U will slide right down. Don't disturb the shift shaft or change its position while you're working on it.
The Number One issue for novices working on these is that they get the shift shaft out-of-position and then the gearbox is stuck in Fwd when they reassemble. The reason for this is that in Fwd, there is about 270 deg of lost motion if you turn the shift shaft clockwise. But there is only one position where it's correct, which is fully CCW, just about ready to shift to Neutral, but still in Fwd. Such that the next motion CCW does shift to Neutral.
The reason to shift to Neutral is because there's a bit of a detent on the shift cam in Neutral, and it tends to stay there.
So, as long as you don't touch the shift shaft, and make sure both L/U and remote are in Neutral when you reinstall the L/U, it should go well.
Note that sometimes, the shift shaft and upper shift rod don't line-up perfectly upon reinstallation. This is due to pre-load on the shift cable, sometimes required to get the correct shift action. No biggy if this happens, just undo the shift cable from the shift arm at the Port side of the powerhead, and jiggle the shift arm a few degrees fwd or back. It'll line right up and then all you have to do is have someone turn the flywheel a bit to get the drivshaft and crank realigned.
The above is just a general description, but it should let you get 'er dun! The actual job of replacing the impeller, etc is very similar to a Johnrude in what you need to do, so you should be familiar with that process.
HTH............ed