Re: Last try for help with 50 hp shift lever.
lots of times people don't answer cause they dont know.
http://www.boats.net/parts/search/BRP/JOHNSON/1975/50ES75B 1975/GEARCASE/parts.html is an exploded view of your lower unit. shift rod is #40 can be either long or short.... depending on long or short shaft engine. it appears on this model to be threaded in... and i would guess it pulls up for reverse and down for fwd. my guess is that you may have tightened this or loosened it... and or bent the shift rod when changing the impeller.
I note that you are in So Cali..... how south I may be able to help you out as I am in Yuma AZ... if not to far I can ride over on my scooter (motorcycle) and help you out.... or you can drive over and we can work on it here and take to river to make sure it works well or simply test it in a drum. (river suggestion is cause any excuse to go fishing is a good one
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your welcome to message me your phone number and I will attempt to walk you through adjustment over the phone if you like.
Since you describe it not going back into neutral with the shift cable removed... I am going to suggest you remove the lower unit again... and with it removed see if the LU will shift into fwd,n, rev that way.... if not I would think you have a larger problem.... if it does shift off the engine, then it should likely be a simple matter of adjustment. I will PM you my number as well.
If you have more questions please feel free to ask... others that are too timid to ask generally profit from your question
Sean