OK. That's the head of a worm gear. The only way to use as is, is to get the shaft of the worm out. I can't remember how it's retained, I think a snap ring. Plus it will be engaged to the threads in the housing. You may have to separate the head from the housing to get the shaft out. Not necessarily off the machine, but enough that it's no longer engaged.
Unless you have a hoist over the machine or you come up with a way to block the head up using the table and knee, it'll be a 2 man job. It's also going to be a challenge to tram in without that worm.
I would order the replacement shaft and wait rather than pull it apart twice. Unless you can actually get at the shaft without separating the head, then it's not so bad but I think you will.