Thank you so much for your informative response. Indeed, I pushed the lever forward and it stopped at the neutral position and would go no further. I pushed the top button, which “unlocked” the lever, so I could continue pushing it forward.
Now, for an observation:
When the throttle is in reverse, the prop makes a mild but noticeable “ratcheting” (clicking) noise going in the counter-clockwise direction. And it will not budge in the clockwise direction.
In neutral, the prop spins freely in both directions with no noise at all.
In forward, the prop makes the same “ratcheting” (clicking) noise going in the clockwise direction, and will not budge, going in the counter-clockwise direction.
Is this the way a properly functioning Mercruiser stern drive should operate?
Also, I assume this is a paired stern drive (designed to go with the Mercruiser 120 in the boat). What is it’s rated RPM (how fast is it rated to spin at top speed)? I’ll need that info for when(ever) I get an electric motor for it.