Neutral by the lever is in the middle (vertical), actually anyplace but full forward. Full back of course is parking brake and naturally neutral. There is always a drag in neutral unless you have 'turbo' or 'jack rabbit' clutches. Stock Ford clutches are in a state of slipping when in neutral. On a cold morning when the oil is thick, if I want to save the battery I'll jack up one back tire to eliminate the drag of the trans on the motor.
Neutral on the slow pedal is again in the middle. If you find there is chatter trying to use the pedal for neutral you may have to adjust the lever.
Reverse is achieved by placing the stick in neutral and tromping on the middle pedal. I use my left foot as the right foot needs to use the brake.
Adjusting for free neutral is done by removing the floorboards. Work the pedal and the stick fore and aft so you can see and understand the action they produce on the clutch control shaft coming out of the trans. The books tells us to first pull the cotter and clevis pins. Pull the pedal rearward and after unlocking the lock nut, shorten the rod to miss the (because you shortened it) lever hole by 1/16". Lock the locking nut then re-install the pins. Now move the lever forward to clear the clutch lever screw unlock the set screw nut, turn the set screw down (clockwise) until the slow pedal moves down 1 + 3/4" when the lever is pulled all the way back.
The next fun you need to learn is adjusting the bands, and really the book says to get them right before doing the above. For this task unless you are a handy andy get help, the first time. I mean I taught myself and many a driver back in the day figured it out alone but it depends on your definition of fun. In any case I can't say it enough. Get the book. Read it!
So you've opened the trans inspection cover, you're ready to stick your fingers in there. Wait the book didn't mention, but to avoid undue pain, disconnect the battery first. The starter button is right there. Lean on it while your fingers are in there and you'll be singing the praises of your Model A.