The adjustment screw inceases the spring preload against the force exerted by the vacuum diaphragm. As this preload increases - advance travel at any given vacuum level decreases. I'm reasonably certain that the increased preload would also try to increase the rate at which the pot's operating rod would return if vacuum were suddenly decreased

When its all the way clockwise (CW) - seated - the screw has the least effect on travel. As you turn it counter-clockwise (CCW) the preload goes up. Just don't over do it in either direction - the threads are small and strip easily.
The butt splice inserted into the vacuum hose allows "tuning" the travel speed by making the vacuum pot act as a "dashpot" as well.
Steve Metzger Tucson, Arizona