They are very simple. I have a slip eccentric on my Trojan, a simple vertical engine design by ET Westbury.
Instead of two fixed eccentrics in the positions fro forward and reverse and a slding link to 'choose' between them (in stephenson gear), the slip eccentric can rotate on the shaft between two stops. The stops are positioned to keep the eccentric in the right place for forward or reverse. It is set up so the stops drives the once the engine has started. The problem is, of course, they can start off in the wrong direction… and reversing is a matter of stopping and pushing the engine to start it in the right direction.
Personally I'd fit proper stephenson gear at 7 1/2" gauge…
Neil