Hi Fizzy ,
As a piece of engineering design it's certainly crap but nevertheless that is how slip eccentrics are conventionally arranged – they just flop from forward to back setting depending on direction of travel .
To work anything like successfully there has to be some friction in the valve rod and linkage to bias the loading on the eccentric in the right direction against the stop when running in chosen direction . Easiest is to have the valve spindle gland a bit sticky .
In real locomotives there have been a few attempts to make a controllable slip eccentric work – ie some mechanism to move to fore or back position and lock ..Success rate apparently nil .
Another variant uses one eccentric which can move sideways a few inches on a cam track so that it changes from fore to back setting . This has been used succesfully on a few locomotives and a derived version of it with cams survives to this day on marine diesels ..
Regards ,
MikeW