The reverser on a “standard” control stand have a spring loaded mechanical detent or gate switch between the neutral and forward/reverse positions, but no form of interlocked prevention, you can go directly from forward thru neutral to reverse with out stopping the handle in neutral.
The set up is neutral in the middle, reverse with the handle moved left, forward with it moved to the right.
The problem with going directly from forward to reverse is that this causes a lot of arcing between the brushes and the armature, leaving a lot of carbon scoring.
At slow speeds with light amperage not much damage, but at high amps, it can create enough burn to ruin the armature.
Most of the engineers I work with can go back and fort between forward and reverse while kicking cars, it takes a bit of skill and practice and timing to do it with out damage.
On the newer desk top control stands I can’t say, although they seem to work in the same manner, just laid out in a different pattern.
On a A/C powered unit, I would assume it would not damage anything as there are no brushes, but I can’t say for sure.
Up until 2 years ago, our engineers guide said as a last resort to try and stop, reverse the reverser from whatever position it is in, throttle up no higher than notch 4, apply sand.
This was removed and replaced with a warning not to go directly from forward to reverse or the other way around, as damage to the traction motors will occur.
But the old head hoggers still use that straight thru reverse when kicking, and I have never seen it cause any damage.
I am pretty good buddies with the shop foreman, he said at low amps (closed throttle thru notch 1) it causes no damage, but high amps (notch 5 and up) it can cause a burned spot on the armature.