@slowride - most of this bike is period 1985. Half-step triples were big then for getting everything out of a wide freewheel. The Suntour BL GT rear derailleur was introduced in 1984.
Suntour made two types of freewheel bodies.
The Winner and Winner Pro used splined cogs and spacers in two diameters, with threaded cogs only in the outside positions (small-t).
The New Winner is different than above, and was designed to put 6 cogs in the same width as 5, and work on 122 mm rear dropout spacing (OLD).
Of course the '85 Merc has 126 mm OLD, room for 6 gears on wide spacing, or 7 on narrow spacing.
This freewheel body has splines for the 2 inner cogs, and two diameters of threads on the rest - note the marking NWN, which identifies it.
My original narrow-6 was 13 to 28t, and this would be the gear chart - damn good gear chart, but I wanted more.
Also had more than enough room between the dropouts.
You used to be able to walk into a bike shop and pick up any of these cogs, but the mid-diameter threaded cogs for New Winner are getting really hard to find.
The narrow-6 did not use spacers between the threaded cogs (except on the right), with thick spacers on top of each of the 2 splined cogs.
BTW, pulling one of these apart, you need a pair of chain whips.
On the right, the stack of thin shims was between the two largest threaded cogs - doesn't match anything on the diagram, but was a boxed factory freewheel, and I rebuilt it the same way.
The only original cogs I used on my rebuild were the threaded 17-t and 14-t.
I already had the splined cogs I needed, bought the 21-t mid-diameter thread from Yellow Jersey,
I made it into an Ultra-7 by swapping the original 13-t cog (F-13) for an L-13 and U-12 - sourced these on ebay.
Here's my stacked new freewheel body with the 5 inner cogs, 14-32t. And next to it, the 7-sp freewheel with the ultra gears added
A lot of room on the rear dropout, and perfect chainline on the big 50-T ring and small 12-t cog
You don't use all the gears on the gear chart because of chainline, and also because of practical need.
So here's the gear chart again with the pointless gears blanked out. And next to that, the chainline on the full practical range of the small 32-T chainring.
My chain length is adjusted so that 32-T ring, both the rear derailleur spring and chain are fully relaxed on the 14-t cog.
Can't even go into those missing gears without the chain slapping the chainstay.
The reason you want to work in these good chainlines is to maximize life and minimize wear on your chain, and the teeth on your rings and cogs.
The reason you don't want to go to Big-big on an over-short chain is to not overwork the spring on your RD and give it good life.
Again, in practical use of a half-step triple, you can ride all day in rolling hills only using one rear cog.
You use the adjacent cogs to adjust pace in group rides, and the really big cogs on the bail-out ring allow you to climb grades up to 20% without getting off to walk.