Re: 1973 Evinrude 25hp Outboard
There's a plate halfway down the exhaust housing, retained by two screws. Remove it. Inside is the upper and lower shift rod held together by a brass shift connector & two 3/8" hex head bolts.
If those rods are secured properly and moves up and down with the shift handle movement...... and if the propeller isn't flawed in any manner, then I would suspect a problem in the gearcase.