There are apparently a couple of different designs for the external lever, but from what I can tell the internal mechanism is the same for both.
In either case both levers have an external cam below the pivot point. When you move the lever the cam pushes on a plunger that is sticking out through the housing just below the pivot point of the lever.
The plunger is the end of the shaft that holds the fork and the return spring. The lever should be connected to a plate that has two bolts connecting it to the housing. You can easily take this plate/lever assy off to get a better look at the plunger. You should be able to force the plunger in a little ways and have it spring back out at you when the pressure is removed.
That is about all you can do from the outside. For anything else you have to pull the seat, then pull off the hydraulic tank/3 point cylinder in order to get a look inside the axle housing.
I once took mine all apart because it would not stay engaged or would "pop out" when under power. As it turned out, the lever pivot point hold down bolts had loosened up and the cam was not pushing the lever in far enough to fully engage the locking jaws.
Another possibility to look for is the roll pin that holds the lever/cam assy to the pivot pin. If that roll pin is damaged it could be allowing just enough play not push the plunger in against the spring.
Hope this helps.