If I turn the picture of the rudder upside down, so that you are seeing it as it is on the boat it could make sense.... although I'm suspecting that you are so far unwilling to even experiment with making it work... the first rule in boat ownership. "just figure it out"
Okay, on a wide plank or piece of plywood, lay the rudder blade down, leading edge to the right. That's the side with the small hole and the notch. If you want, drive a nail into the pivot hole to make it easier to rotate the blade as it would on the boat. Tie some string through the hole, or even try rigging it with some thin cord and stopper knot... like it would be on the boat. Draw a squiggly line to represent the water depicting the rudder's position when it is "down". Next, put a nail in your plank directly above the notch, so the blade cannot rotate forward past vertical (this represents the unseen stopper that we know is there) Now put another nail a foot or two directly above the notch. This represents the cleat you'll secure the control line.... Are you ready? If you tie off the string on the top nail (cleat) the blade cannot rotate counter clockwise.. or lift. The line is pulling the blade forward, against the notch... which is holding the blade vertical. Uh, oh.... shallow water ahead... better release the rudder control... so we undo that string... now the rudder can move, either by floating slowly or by hitting the bottom... We can simulate this by using you hand to push the blade to the left, trailing edge... You'll notice now what makes the whole thing work. The Hole for the control line is level with the pivot hole, or 3 o'clock, when the rudder is "down". When the control line is release and the rudder rotates to the left, the hole will follow to the 6 o'clock position... the lowest point of the imaginary wheel or pulley created by the semi round top of the blade. If set up carefully, the cord can actually stay attached or wrapped on the rounded portion of the pivot... the quarter circle between 12 and 3....and you can experiment with this to your hearts content... but your owner's manual doesn't seem to emphasize that at all... so I'm sure that pulling the cord from just about anywhere ahead of the hole, from 90deg straight up to any reasonable angle going forward.
That's it. For sure. Please put aside the analytics and get some string, a few nails and a board and work with it till you find something that'll work. Mock something up before spending money on high quality wood, because that's all any of us would do when similarly confronted. If you want to be a competent sailor you must learn how stuff works...... 'cause there aren't any gas stations and mechanics out there. If they were you'd be appalled at what they charge. There's a boat expert named Don Casey who's written a number of books on vintage boat systems and repairs.... well known... here's just one.... cheap at Amazon.