Pipehack,
I can't speak to what's actually in the bull gear on your 101.21400 as wierd things have turned up. But in the bull gear should be two set screws. An 8-32x3.8" socket head set screw should be in the hub near the spindle, and locks the gear to the spindle with the proper running clearance between it and the step pulley. Running through the teeth should be an 8-32x3/16" slotted headless set screw. Under this screw is a 1/8" dia spring and under the spring is a 1/8" dia. steel ball. Under the ball is the lock pin. The lock pin has two detent grooves, one for locked and one for free. Although the pin may be stiff or stuck from disuse, you should not have to touch the set screw in order to pull it out and disengage the bull gear and step pully.
As a suggestion, with the pin locked, mark the pulley in line with the pin. This will save time getting the pin back in the lock hole after using back gears. The late 12" has two holes in the pulley 180 deg. apart. Someone wrote a while back that the 6" pulley has three holes but I haven't confirmed that.
Robert D.