Sorry about that. Its been a while since I had one apart. The lower clutch plate has the set screw but the part below that with the springs is held by the key. You are right.
Try spraying some WD40 or PB Blaster on the shaft and let it sit. Then tap it with a rubber mallet and stick a couple of pry bars under it. Tapping it may get it to start moving.
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Re: Galley Maid Windlass Motor Slow and Circuit Breaker Tripping
Sky Cheney
1985 53EDMY, Hull #CN759, "Rebecca"
ELYC on White Lake--Montague, MI