I have found the cause of the poor shift operation on my 48 Airone, the outer cover that contains the shift return spring has notches on each side at 12 o'clock and 6 o'clock, as the shift mechanism cover rotates, the vertical edge of these notches will depress a pawl on one side / lock the pawl on the opposite and this is how the mechanism rotates the shift shaft. One of the vertical surfaces on this cover is very badly worn, this is why the tranmission will shift up but it is very hard to shift down. 72 years of being hammerd down will lead to this.
I have included pictures and description of this in my blog of the restoration that I am posting to the WildGuzzi web forum
I can only think of two options:
1 - replace the shift mechanism outer cover with a new piece or a very good used one (anyone have one for sale) or
2 - weld up the worn steel edge and machine it back to spec. I am not sure a weld will be hard enough to take the action
any thoughts?