Your shift cable has nothing to do with a flooding situation. On that old a motor it is likely to have more than one issue at the same time.
Flooding on a FICHT engine could be from an internally leaking injector, a torn diaphragm in the lift pump, or a faulty internal component in the vapor separator tank assembly.
It is recommended to have a trained tech diagnose your motor for you.
"There is never just one thing wrong with a boat";
-- Travis McGee, main character in a book series by John D. McDonald
The factory recommends that a properly trained technician service your Johnson or Evinrude outboard motor. Should you elect to perform repairs yourself, use caution, common sense, and observe safety procedures in the vicinity of flammable liquids, around moving parts, near high-temperature components, and working with electrical or ignition systems.
The information offered here is only general in nature and should not be construed as complete factory approved procedures, techniques, or specifications. Always use the proper service manual for your motor, up-to-date service literature, the correct tools, and have an understanding of how to proceed with troubleshooting and repair methods. If you are unsure or uncomfortable with a procedure, a situation, or a technique, enlist the services of a factory trained technician.