Seen that movie!!
I had a 34' o'day with the 3 cyl universal (23HP) On the valve (rocker) cover, there was a lever, that actuated a shaft that had adjustable balls on it. the balls would contact the exhaust valves, not allowing them to seat and thusly, the engine to lose compression. This is an emergency kill (in the event the engine is running away) it also can be used to start the engine if the battery is failing, the engine turns over WAY faster with the lever actuated. The lever on my boat was not connected to any cable, but it would have been very easy to do so.The reason universal frowns on using the lever for run of the mill shut down is because prolonged use of the decomp. can cause exhaust valve failure. When i got my boat, i noticed the throttle shaft had a spring in it, keeping it just forward, The spring was junk and the throttle shaft (from inj. pump to governor assy) was damaged. I got a piece of 1/4' stainless rod and threaded both ends and used snap fittings on the ends that would accomodate the balls on the pump and the govornor assy, complete with jamnuts. Ideally i would have threaded one side left hand so it could be easier to adjust. I adjusted it to acheive wide open throttle, while still being able to shut completely off. this kills the fuel supply. Without the spring in place, there is no detent to push against so the engine will not idle where it rests, in fact, it will not rest at all. thanks for reading this killer long posting, hopefully it clears up some items. John