Thanks Joe! I have checked under the faceplate, all is well there. I took the hook shaft out today, thinking the problem was there in the gears but all is well there. I'm at a loss. I'm not experienced enough to do anything with the main shaft or the gears there. So I'm not going to touch those. I'll have to find someone in my area who works on 201s. I live in the Raleigh area of NC and I'm sure I can find someone. It's worth it to me, this is a nice machine which has had little use.
Thank you everyone for your words of wisdom! I appreciate your help!