It appears that the motor (Leeson100008-00) is capable of turning CW or CCW. I would infer that is reversing, but you never know.

There are 6 leads coming off of the switch. My guess is that since it was originally 3 phase, and now single phase, I need less?

This shows the "schematics" of the wiring for the motor, which is wired at 110V
This is one shot of the drum switch This is a shot of the drum switch opened up