I've seen a few posts concerning the stiffness of the speed control on the Jet 1442 (with a Reeve's drive). I destroyed mine recently when it jammed. So I ordered another ($20) and installed it today. After removing the damaged unit, I now understand what I did wrong.
If you're having trouble getting the lever pin to release from a detent hole, simply wiggle the handle back and forth until the spring-loaded pin retracts. In retrospect, it's better to remove the unit to gain an understanding of how it works rather than bend the pin trying to dislodge it. (duh) The new speed control works fine, incidentally.
Hope this helps.
Max