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You will have loosened off the adjuster right off to get the new lever on, then re-set it. I leave the rubber sheath folded back until I'm happy with the adjustment. It's a bit of a pain, even with a touch of rubber grease. I also re-route the cable so that the 90 degree metal curve is pointing down rather than forward. That seems to help.
......The adjuster bolt, on the other hand, is a pain in the A$$! It doesn't want to turn either way, even with the lock nut completely loose.
It was a pain & felt wrong having to use pliers on it.
That happened to me not so long ago. It was a pain & felt wrong having to use pliers on it It shouldn't be that way. I couldn't fix it, so I tried a new cable, with a mere smear of grease on the threads. Magic. Finger adjustments again. I'll keep the old cable, clean it up & try it again sometime. And put a tag on it, telling the story of the problem, so I will know the cable is suspect.
And the cable free play will change as the operating temp changes. Sometimes the accumulated tolerances are such that a happy medium can be found where it works hot and cold, mostly though I have to adjust it after it heats up. That's on small blocks as well as big blocks. I've no experience with hydraulicy actuated clutches
When I replaced the clutch on my 1100 sport I spent a lot of time shagging around with the adjustment. Then I made a decision to set the lever clearance when the bike has warmed up. When it is cold it has almost no clearance. When warm it has about 5mm. I haven't touched it since.I also have a V711 and I have adjusted the clutch once. The lever clutch lever on a lot of Guzzi's has to be pulled right into the bar to get clutch release. Short levers with a dog leg can be a problem.Cheers, voncrump.
Havin the same issue on my 2013 V7.