Your 2/4 minute clutch assembly is the earlier style without the clutch shoulder to permit movement of the clutch. So, as Jerry also alluded to, the 2/4 minute switch that attaches to the carriage end boss and the feed screw should be present to enable moving the clutch. The planetary gear inside the pulley has to rotate easily in order for the 4 minute setting to operate correctly. Sometimes the gear is gummed up and sticky which leads to a halt when in 4 minute mode. Can you create and post a quick video of what's happening? It may be helpful to us to help you a little better.

Doug