Help - Adjusting ‘67 904 console floor shifter

Have you got the shifter button screwed on to the correct position to allow full travel of the actual shifter lever.
See the gates and button release lever at bottom of shifter.
If the button is screwed too far down, or not enuff, you may not be getting full shifter travel, ? ?
I know you say your getting 1 & P, but are you ?