Apart from the suggested possible removal of the leadscrew--------which I seriously doubt, the 'hole' is for a slow speed attachment.
Actually I have one and it is a long time since it saw the light of day.
The other possible variation on a Theme of Paganani is the Martin Cleeve gear box which simplifies all this gear changing 'lark'
If you look at the download which I sent to you, the Cleeve articles on the box should be there.
On a personal note, I'm running around with a 3 times weekly series of b-12 injections and the frightening thoughts of losing my driving licence and then comes Tuesday, someone is sticking a needle in my better eye. In the middle of it all, I'm off to Leeds to do some child minding so that my kids can have 'a bit of much needed quality time together' as son in law is a senior heart consultant and working 25 hours a day and 8 days a week whilst daughter is a consultant dental orthodontist on Ilkley Moor bah't t'at.
Cheers
from the stumbling pin cushion