The "levers" as opposed to the "plungers", operate the threading half-nut and the carriage/cross-slide feed. The shorter, upper-right lever is for the threading half-nut. The longer, lower-left lever is to engage the carraige/cross-slide feed.
The two plungers are to select the direction of feed and have nothing to do with the threading.
The plungers, just under the cross-slide handwheel, have their functions marked on their faces. One is to select between longitudnal (left & right) and cross (in & out) feed. The other is to select the direction of feed - in or out, left or right, depending on whether cross or longitudnal feed is selected.
The non-threading feeds are "clutched" and there is a knurled knob to the left and around the corner from the carriage handwheel that adjusts the tension on the clutch. This feature allows the operator to set a carriage stop on the way so that when the carriage, under power feed, runs into it, the clutch disengages and the powered carriage feed stops. This function has no effect on the threading lead screw and cannot be used to automatically stop the carraige when the threading half-nut is engaged.
Dave M.