It was just a plastic guide that was adjusted outwards to take up the chain slack. The colour is a metallic version of Apple Green which SB used from around 1977, but in a hammertone version.
Cheers, BB.
Ooh I see. That IS an improvement. That Apple green hammer tone looks to be a good match for the green VC Mustang base from the 1970s.
Ahh, if only victa had kept producing the thumblatch catcher series, they would be in better shape today!