I thought It was clutch slip, but I think it actually may be a gearbox, (1st gear) issue?

Of course the question now is why is first gear slipping? I think I know why, and I am hoping someone can confirm or debunk my theory. I
Bent shift fork(s) is the likely cause for gear wheel 06.4639 jumping out of engagement. Bearings (plain and ball bg) would have to be extremely worn to affect the same.
Does 06.4639 feature undercut dogs? If not, it can be modified. Undercut dogs help to keep gear wheels together.

-Knut
 
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I ended up removing the gearbox form the bike (thank you @marshg246 for the tips on how to do so) and decided to disassemble and inspect the gearbox myself. First off, it does have the original "Portugal" layshaft bearing. So clearly this was an exercise worth doing. Secondly, I wanted to confirm that first gear was slipping / was not properly engaging. I think the evidence of first gear slipping is pretty compelling, please see picture below of the layshaft first and second gears:

Of course the question now is why is first gear slipping? I think I know why, and I am hoping someone can confirm or debunk my theory. I noted when I stripped the gearbox that the kick start shaft seemed to have a lot of end float. I foolishly did not measure it, but it was obviously way above spec. One thing I am not sure about is were layshafts shimmed from the factory? Or is shimming the layshaft something that is only done to compensate for the width of the replacement for the "Portugal" layshaft bearing? I think it is highly likely that the inner cover on my gearbox has not been opened since it left the factory and there were no shims present.

I did notice that the Index plunger appears to be be working correctly. There was also some other general wear, but nothing that stood out to me as being particularly bad. That, said once I get a better idea of what is going on with the first gear slippage, I will do a closer inspection of the remaining parts.

Thank you!
Those witness marks are present from normal dog engagement.

Gears don't slip. Clutches slip.

For the gear engagement dogs to come out of engagement & allow the freewheeling you described, the selector system has a problem. Forks, cam, detent, ratchet.
 
Thank you everyone for your most helpful input. Sounds like I do not understand what the problem is yet. Not surprising as I am a gearbox newbie. I will do some more thinking and inspecting. One concern I have is that I ideally need to recreate (on the bench) a gearbox first gear jumping out of gear problem that only occurs at approx 3000 rpm (and probably higher) and only in first gear. All other gears no problem. Perhaps...... if it is first gear on the layshaft that is floating, if I reassemble the gearbox maybe I can get gravity (orientate the gearbox with the layshaft gear down while in first gear) or a good shake to prove of disprove that theory or give me some other ideas?

I do not believe the layshaft itself was floating. On disassembly the end was still firmly in the "portugal" bearing inner race and took some effort to remove. The "portugal" bearing (which I will of course replace) looks to be in great shape, the inner race looks very clean as does the end of the layshaft. As far as I can tell I have not yet found any issues with the selector mechanism / forks.
 
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You are lucky as those Portuguese bearing usually blow between 10k and 12k miles some with lockups of back wheel, I was lucky when mine decided to blow was kicking my Norton over outside my house when it went bang then had nothing, my mates 850 blew 100 miles from home but he was able to get it into 4th gear and riding it home in 4th with a lot of clutch work and in one town the highway went through was a traffic light at the bottom of one big hill climb, but he got it home.
All the bearing balls was just sitting on the bottom of my gearbox and no gears were damaged.

Ashley
 
You are lucky as those Portuguese bearing usually blow between 10k and 12k miles some with lockups of back wheel, I was lucky when mine decided to blow was kicking my Norton over outside my house when it went bang then had nothing, my mates 850 blew 100 miles from home but he was able to get it into 4th gear and riding it home in 4th with a lot of clutch work and in one town the highway went through was a traffic light at the bottom of one big hill climb, but he got it home.
All the bearing balls was just sitting on the bottom of my gearbox and no gears were damaged.

Ashley
I guess a good reason to not change the gearbox oil and have a lot of sludge - grabs the balls!

Just kidding!!!!
 
You are lucky as those Portuguese bearing usually blow between 10k and 12k miles some with lockups of back wheel, I was lucky when mine decided to blow was kicking my Norton over outside my house when it went bang then had nothing, my mates 850 blew 100 miles from home but he was able to get it into 4th gear and riding it home in 4th with a lot of clutch work and in one town the highway went through was a traffic light at the bottom of one big hill climb, but he got it home.
All the bearing balls was just sitting on the bottom of my gearbox and no gears were damaged.

Ashley
Mine blew on a 70 years back but with warning . A tic - tic occasionally whilst riding , then the kicker would head for the pavement and head back to position , then do it again a few minutes later . Locked up the rear finally , dangerous .
 
I guess a good reason to not change the gearbox oil and have a lot of sludge - grabs the balls!

Just kidding!!!!
I very rarely change my GB oil only when I need to go into my GB, GB oil don't lose its velocity unlike motor oil with all the continuance from burn fuel and other crap, some times I might stick my finger inside the GB and feel the oil on my finger, in 48+ years I have only replaced the GB oil maybe 6 times in it life, first time layshaft bearing when it blew, 4 kick start pawls and a broken kick start shaft where the pawl sits in the kick gear, the gear was worn on the inside where the KS pawl was worn from kicking over the motor (the slot where the KS pawl engages the gear was rounded off from wear and slipping when kicking), the KS gear was replaced with new shaft and pawl, that was well over 30 years ago maybe longer can't remember it's been so long and haven't been inside my gearbox since.
My gearbox still changes gears smoothly with light clicks, easy to find neutral, in fact I don't have any problems with my GB, it has a lot of miles on it as it was an everyday rider from new to 2013 and only been off the road for the conversion to the Featherbed frame in 1980/82 and a few upgrades over the years, I still ride my Norton regularly but the Thruxton has taken over the most of my normal ride time.

Ashley
 
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