The main importance of the adjustment, in my opinion, is "charge pipe leak to atmosphere at idle".
At idle you have full vacuum to the splitter valve control port. If the valve is set too loosely (ie: 0 clicks), the piston will be open fully at idle. Due to the slight boost pressure in the charge pipe at idle, this will cause a loss of metered air. This creates a rich condition. I have noticed negative idle fuel trims of around 5% when the valve is "leaking at idle". Cold start and idle rpm is also a little rough. Tightening the valve will reduce or eliminate this issue. I have found that around 20+ clicks seems to be an appropriate adjustment, although it depends on several factors, so you'll need to find the right position yourself.
The valve will certainly be "open" at idle, you want that. You just don't want it to be significantly "open to atmosphere" at idle. You want to adjust it so the "psshhhh" port is at least mostly closed at idle.
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