If you look at my albums, you will see pictures of the back-gear assembly on the ML4. They weren't taken to show that detail, rather the actual headstock bearings. Irrespective you can see how the assembly works.
There is a lever to control the position of the back-gear on its eccentric peg. There is another lever to lock the eccentric peg in place. The lock mechanism works the same way as the tail-stock barrel lock. On the tail-stock the lock works to prevent sliding motion, on the back-gear the same scheme locks rotary motion.
There is no detent for the back-gear lever. Each time you engage it you have to carefully monitor the degree of mesh before locking the position.
There is a cast iron guard that covers the back-gear and a thin piece of sheet metal that screws to the guard casting to close the back-gear fully in.
Mine has a vee pulley now but it originally had flat belt. They came from Myford with either as a customer option, but early ones were sold as default with flat belt and later ones with vee pulleys.
I doubt you will want to paint it its original colour, which was a rather hideous shade of green. Not the modern soft green, but a vicious shade of malachite. I think it had a bit of yellow in it. I have seen flakes of it in areas of mine that have never properly been cleaned.
Edited By Andy Ash on 26/08/2016 10:57:08