I struggle to understand the diagram.
You have a force ##F_1## which appears to be the force of tension on the upper mass ##m##.
You have a force ##mg## which appears to be the force of gravity on the upper mass ##m##.
You do not depict any contact force between the upper mass ##m## and the main block ##M##.
You have a force labelled mg/(2M+m) which is applied diagonally to both the pulley and the right hand mass ##m##. That one makes zero sense.
You do not depict any other forces acting on the pulley.
You have a force labelled ##F_2## acting leftward on the right hand mass ##m##. I have no idea what force this is supposed to be.
You do not depict any other forces acting on the right hand mass.
Finally, you depict a normal force ##N## acting upward on the main mass ##M##
You do not depict any other forces acting on the main mass.
You are missing a lot of forces. But your question does not concern itself with that...
sysprog said:
will the lateral acceleration of vertical block ##m## be steadily equal to the lateral acceleration of block ##M##, throughout the descent of vertical block ##m##?
Well, what horizontal forces act on the two blocks?
You do not have any of them on your diagram.