Okay, have gotten a bit more info on this. Apparently, the thing I thought was the key is actually a n actuator for the floating rear group, a relatively new design at the time. There's a little plate held in with three screws that is s'posed to give access when removed to a split ring which adjusts slack:

Clearly, I'm missing something. T'ain't no split ring. I'm putting it back together now to make sure I haven't misaligned anything. Tight spaces in there...