Randy, I used to have an arm lift on my saw. After a while I realized it was just in the way. I use gravity to lower the top arm with the blade into the next hole. When its time to change to the next hole I release the tension, loosen the lower blade clamp. With one hand raise the upper arm and hold it up, with the other hand, guide the blade into the next hole while lowering the upper arm. Without looking slide the blade into the clamp and tighten. Set the tension, and your good to go! For me, this takes about five to ten seconds!
To change out to a new blade, you don't have to raise the upper arm. Just slide the blade into the hole in you project from the top, slip the blade into the top blade clamp and tighten, then slip the blade into the bottom clamp and tighten. Set the tension, and your ready to go again.