I just bought this 50s vintage ML7 and am by no means an expert in lathes or Myfords, but it appears to have somewhat of a non-standard feature.

If you look down in the far left, bottom corner of the photo, there is a chrome lever. I don't see this in the manual or in other pictures of ML7 lathes on the web.
It shifts one of the gears outwards, on its axle, so that it is no longer in mesh and disengages the feed to the leadscrew. But isn't this redundant, as the tumbler lever just above it on the back bearing of the headstock includes the same function in one of its three positions – forwards, disengage, reverse.
I bought the lathe without guards but have sourced some on ebay. The change gear guard looks like it will foul this lever if I fit it. Though, to be honest, I've only had a quick look so far and not actually dismantled any of the gears to try to fit the guard. So, maybe all will be well.
I wonder though if anyone has seen anything like this before or can offer a good explanation as to why this lever is present.
Thanks and regards,
Matt.