The usual feed system uses a ratchet wheel that has square teeth. The spring loaded pawl that engages with it has an angle on the end, and can be rotated so that the ratchet drives in either one direction or the other. There is a slot in the tube that engages with a pin through the pawl. So in normal use, when the cutter has passed the end of the job, you pull the pawl back against the spring, turn it through 180 degrees and drop it back into the slot again. Usually you then need to rotate the manual handle to take up the backlash so that it starts driving again to pass back over the job in the opposite direction. At some point while the cutter is past the job, you can wind on a bit more cut. Unless the shaper is running very fast, you can generally do this without stopping the machine.
When you don't want the feed to drive, you pull the pawl back out of the slot and turn it through 90 degrees, this stops the pawl engaging with the ratchet wheel.
Some machines have provision to change the stroke of the feed system, so that the pawl picks up one, two, or even three teeth on the ratchet, giving a coarser feed.
John