I had a rainday today, so had some time to work on the nut extraction with no success. I have a pipe extension of about 3 feet of leverage on the shaft and three different tools used to try to grab the nut, all of which slip out, given enough force. I keep gringing the end of the bolt down to get a flatter surface to grab onto, but I am starting to see some threads! This freaked me out a bit. The parts listing for the bolt doesn't have a good picture of it, so I ordered a new one from the website, as well as some of the parts that I know I will need, like the forward gear and retaining ring, some seals, gaskets and etc., as I wanted to see the mass of the nut to have a better idea of how to procede. The only part that is unavailable is the drive shaft, so I can't mess that up.
I did go ahead and took the reverse side apart and found that spring thing, Everything actually looked quite good, for being nearly 50 yeats old - there was littile noticable metal fragments or any wear at all. No discoloration of the spring or anything else. The bearings looked good, so I think my reverse is good. I can see how if you got the wrong oil, the spring would slip and you would go nowhere. Anything else I should look for?